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CIGARETTE BUDGET 2023
Budget 2025: Will ITC shares Budget day winning streak survive tax hike uncertainty?ITC shares have historically performed well on Budget days, but traders are cautious this year due to potential excise duty hikes on cigare...- How Budget 2025 can walk the tightrope of India's 'sins'Sin Tax Budget 2025: India’s plan to become a developed nation by 2047 requires a healthy workforce, but over 1% of GDP is lost to cigarett...
- Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on ...
- Budget 2024: Stable taxation to improve cigarette volumesBREAKING: Union Budget for 2024-25 keeps cigarette prices stable! Smokers rejoice as taxes remain unchanged. Analysts predict positive impa...
- Cigarette demand likely to rise by 7-9 pc this fiscal: CrisilThe return of employees to offices and a stable tax regime are expected to increase cigarette demand by 7-9% this fiscal year, according to...
- Momentum Pick: With 8-20% upside, ITC remains top bet in FMCG spaceCigarette volume growth to remain stable, it said adding that at the industry level, the cigarette volumes have surpassed the pre-covid lev...
- ITC expects to sell more than Rs 2k-cr worth raw tobacco to BAT in FY24ITC said its proposed transaction with BAT for the next fiscal year would account for around 3.64% of the annual consolidated sales for the...
- 'Everybody's favourite slab!' Amul gets quirky with new topical on Budget 2023This was Sitharaman’s fifth full Budget after she took over as Finance Minister in July 2019.
- Investors to take a deeper puff of ITC, confident tax hike won't butt growthThe company's overall revenues rose 3% - the growth impacted by lower agri exports due to restrictions on wheat exports. However, all other...
- Duty hike on cigarette to have a nominal impact on prices, say expertsFollowing the announcement in the Budget 2023-24, excise duty on filter cigarettes of length more than 70 mm but not exceeding 75 mm will g...
- Budget 2023: New tax regime, hiked cigarette prices invoke hilarious memes on TwitterThe Finance Minister has announced 16 per cent increase in NCCD on cigarettes.
- Cheaper mobiles, costlier cigarettes: Budget 2023 changes prices of these itemsBudget 2023: What gets cheaper, what gets costlier? Cigarettes to get costlier, mobile phones to become cheaper after Nirmala Sitharaman Bu...
- Budget 2023: Cigarettes to cost more as Budget proposes 16% hike in dutyNoting that the health care burden due to tobacco consumption in India is around 1.04 per cent of GDP, pushing many into poverty, Arvind Mo...
- Prices of cigarettes may go up post Sitharaman's proposal to hike duty by 16%Analysts expect the companies will increase prices by around 2 to 3% which will not impact sales, since there was no major price increase i...
- Boost to infra, agri investments and higher disposable income augurs well for FMCGThe decline in personal income tax slabs provides more disposable income in the hands of the consumers benefiting the consumer goods compan...
- Budget 2023 Focus List: Here are 10 key pts to watch out for on WedAlong with the FY24 Budget, the government will announce revised Budget estimates for FY23, which will include capital expenditure, planned...
- Budget key event for ITC; NCCD hike of less than 5% positive for stock: JefferiesThe upsides for the stock include volume growth in cigarette business as ITC regains share from illicit trade and the margin expansion in n...
- Budget 2023: Hike in cigarette tax, higher spend on rural schemes on anvil for FMCG cosWhile taxation of tobacco is primarily under the purview of the GST Council, the central government also levies a National Calamity Conting...
- FAIFA urges govt to cut duties on cigarettes in Budget 2023Federation of All India Farmer Associations (FAIFA), a non-profit organization representing the cause of farmers and farmworkers of commerc...
- Sensex puts a muted show, but 10 constituents give index-beating weekly returnsFurther, the government is also widely expected to extend tax sops and incentives to more sectors and sub-sectors under the production-link...
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