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GAURANG KAKKAD
ITC's average excise duty hike impact on cigarette at 16%: ReligareThe government today hiked excise duty ranging from 15 per cent on cigarettes of length over 65 mm to 25 per cent for cigarettes of length ...
ITC cracks 8% on excise duty hike; expect earnings downgradeITC closed the day 8.2 per cent lower at Rs 361.25. It hit an intraday low of Rs 350, and a high of Rs 409.70 in trade today.
ITC Q1 net profit up 18% at Rs 1891.33 crore; non-cigarette FMCG business back to lossesITC’s cigarette business grew by 7%, which analysts feel is led by a 10-20% increase in cigarette prices.
ITC net profit up 19.4% on strong FMCG businessITC's non-cigarette FMCG business, which comprises packaged food and personal-care products, posted a maiden profit of 11.87 crore.