ITC's FMCG business continues to perform well with robust improvement in margins, however, Motilal Oswal believes earnings pressure on cigarettes would offset the near-term catalysts- recovery in FMCG and Paper, and comfort on valuation.
ITC's FMCG business continues to perform well with robust improvement in margins, however, Motilal Oswal believes earnings pressure on cigarettes would offset the near-term catalysts- recovery in FMCG and Paper, and comfort on valuation.
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