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ITC Q1 Results Review - Resilient Cigarette, But Muted FMCG Performance: Motilal Oswal

With a stable tax on cigarettes, the brokerage anticipates sustainable growth in the company's business.

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Cigarettes manufactured by ITC Ltd. in a shop. (Photo: Usha Kunji/ NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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