What to expect from ITC Q3 results
ITC Limited is expected to report a steady but mixed performance in the December quarter, with brokerages pencilling-in modest growth in net revenue and operating profit, supported by improving cigarette volumes and margin expansion. However, divergence in profit estimates reflects concerns around pricing, cost pressures and the outlook for cigarette taxation.
The FMCG-to-agri conglomerate is expected to post a net profit growth of 4-8% year-on-year, according to the estimates of three brokerages while Nuvama Institutional Equities pegs a 6.4% fall in the same quarter. The range for profit after tax (PAT) is estimated at Rs 5,075 crore to Rs 5,280 crore.
The revenue could grow by 6-8.4% YoY in the range of Rs 18,064 crore to Rs 19,572 crore, the estimates revealed.
Swiggy Q3 preview
Food delivery and quick commerce major Swiggy is expected to report strong topline growth in the December quarter, even as losses are likely to widen due to continued investments in its Instamart business, according to estimates from brokerages tracking the company.The average estimate of five brokerages pegs Swiggy’s revenue growth at around 47% year-on-year for Q3FY26, driven by steady growth in its core food delivery segment and a sharp surge in quick commerce. However, higher competitive intensity and costs related to dark store expansion are expected to keep profitability under pressure.On the bottom line, losses are expected to widen compared with the same quarter last year, when Swiggy had reported a loss of Rs 799 crore. Kotak Equities estimates Swiggy’s Q3 loss at around Rs 804 crore, while JM Financial pegs the loss higher at Rs 1,045 crore. Motilal Oswal expects losses of about Rs 892 crore for the quarter.
Paytm Q3 Preview
One 97 Communications (Paytm), which operates the fintech platform Paytm is expected to report another profitable quarter in Q3, with brokerages projecting sustained profitability, healthy revenue growth and further margin expansion. The likely robust numbers are backed by festive-led traction in payments and financial services.
The company is expected to swing back to profits on a year-on-year basis while reporting sequential growth of about 6%. Revenue is seen to increase by up to 22% YoY and could fall in the range of Rs 2,187 crore to Rs 2,225 crore in the December-ended quarter, according to estimates from YES Securities and JM Financial.
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