Consumer goods company ITC will report its second-quarter earnings on Friday and its cigarette volume growth is seen around 5-6 percent.

Here's what analysts' expect from ITC this time around:

CNBC-TV18’s poll indicates revenue growth of 6.5 percent at Rs 10,961 crore. The base quarter had an excise credit of Rs 550 crore, so these numbers are inclusive of that. Therefore, some sort of softness is expected in terms of revenue as well as reported EBITDA, which is seen lower by about 2.5 percent at Rs 4,300 crore and the net profit is lower by about 9 percent at around Rs 2,900 crore. If that Rs 550 crore is shaved off in terms of the excise credit, the net profit and EBITDA look much higher.

The most important number for ITC is the cigarette volume growth. 5-6 percent volume growth is expected on the low base, which saw about 7 percent decline in Q2FY18.

Price realisation is seen between 3 percent and 4 percent because mid-quarter, the GST rates were revised, the company raised prices of cigarettes anywhere between 7-8 percent, so the street is working with 3-4 percent price growth. In terms of cigarette business revenue is seen anywhere between 10 percent and 11 percent that would imply 5-6 percent volume growth and 3-4 percent price growth.

Stree will also focus on their fast moving consumer goods (FMCG) business, 12-15 percent growth is seen there.

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