India's ITC inches lower ahead of Q4 results
** Shares of consumer goods giant ITC ITC.NS down 0.2% at 439.4 rupees ahead of Q4 results
** Analysts expect ITC to report 0.5% uptick in net profit at 51.11 bln rupees ($613.7 million), rev from ops to fall 3.2% Y/Y - LSEG data
** Co beat Q3 profit estimates, benefiting from higher demand for its cigarettes
** Analysts expect Indian consumer goods makers to report volume growth in low- to mid-single digit percentage range in Q4
** Rival Hindustan Unilever HLL.NS posted bigger-than-expected fall in Q4 profit on sluggish rural demand, while Nestle India NEST.NS reported upbeat quarterly profit on higher product prices
** Avg rating of 35 analysts covering ITC is "buy"; median PT is 500 rupees - LSEG data
** ITC fell 7.3% in March qtr vs 5.3% fall in Nifty FMCG Index .NIFTYFMCG
($1 = 83.2850 Indian rupees)
Reporting by Ashna Teresa Britto in Bengaluru
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