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CIGARETTE TAXATION IMPACT
ITC charts growth strategy as cigarette tax hike hits stockITC Chairman Sanjiv Puri said the company is tackling higher cigarette taxes through calibrated price hikes, product innovation and diversi...23 Jul, 2026, 07.08 PM IST- ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...27 Jun, 2026, 03.38 PM IST
- No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv PuriITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...24 Jun, 2026, 12.58 PM IST
- ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain aheadITC shares fell to a fresh 52-week low on Wednesday as investors reacted to steep tax hikes on cigarettes under the new GST 2.0 regime. Bro...03 Jun, 2026, 12.01 PM IST
- ITC Q4 results: After margin surprise, all eyes now on cigarette tax impact, says Gaurang ShahITC Limited reported a steady March quarter. Strong operating margins were a key positive. EBITDA margins exceeded expectations. The compan...22 May, 2026, 11.17 AM IST
- ITC announces final dividend of Rs 8/share. Check record date and other detailsExcerpt: ITC Limited’s board has recommended a final dividend of Rs 8 per share for FY26, with May 27 set as the record date. Alongside an ...21 May, 2026, 05.42 PM IST
- ITC Q4 Results: Profit rises 5% YoY to Rs 5,113 crore; Rs 8/share dividend declaredITC reported a 5% year-on-year growth in its standalone net profit to Rs 5,113 crore for the March-ended quarter. Revenue from operations r...21 May, 2026, 04.21 PM IST
- ITC Q4 preview: Will cigarette slowdown, tax hit weigh on earnings despite FMCG strength?ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth ...20 May, 2026, 12.16 PM IST
- ITC shares jump 5% as cigarettes escape tax shocks in BudgetWhile taxation of tobacco is primarily under the purview of the GST Council, the central government also levies NCCD on cigarettes, subject...23 Jul, 2024, 02.00 PM IST
- Budget keeps cigarette taxes untouched for second year in a rowICICIdirect analyst Sanjay Manyal said the stable taxation and excise duties on cigarettes would aid volume growth for cigarette companies ...01 Feb, 2022, 04.21 PM IST
- ITC, Godfrey Phillips, VST Industries rally as cess on cigarettes remain unchangedThe country’s largest cigarette maker ITC surged by 3.8% on Monday.23 Jul, 2018, 07.35 PM IST
- Budget 2018: Cigarette industry heaves a sigh of relief after six yearsAn industry executive said the tobacco industry was expecting no changes in the taxation rate in the Budget since after the introduction of...01 Feb, 2018, 07.49 PM IST
- Additional tax on cigarette would impact legal sales, says ITCThe legal cigarette industry has witnessed a 25 per cent decline in volumes from FY 2012-13, said ITC.28 Jul, 2017, 01.51 PM IST
- Budget 2016: Excise duty on tobacco products up by 10-15%; cigarettes set to cost moreCigarette prices are set to go up for the fifth successive year in India with the Budget announcing 10-15% increase in excise duty for all ...29 Feb, 2016, 05.15 PM IST
- West Bengal government increases tax on cigarette; may further increase pricesThe companies are likely to take the final call on exact price hike by April, as other state governments present their Budget.11 Mar, 2013, 06.11 PM IST
- ITC to counter illegal cigarette market with a pack of new brands: Kurush Grant, Executive DirectorITC Executive Director Kurush Grant tells ET that new cigarette brands are pitched against illegal cigarettes that account for 20% of the m...28 Aug, 2012, 06.29 AM IST
- Cigarette taxes are discriminatory: Kurush GrantDiscriminatory taxes on cigarettes have not helped reduce the tobacco consumption in the country, says ITC divisional chief executive (toba...28 Sep, 2009, 12.52 AM IST
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