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Godfrey Phillips India shares rocket 31% in just 3 sessions! Here’s what’s fuelling the rallyGodfrey Phillips India shares are surging. Companies are raising cigarette prices to cover higher costs, in light of the new tobacco tax re...- ITC, Godfrey Phillips, other cigarette stocks jump up to 13% amid reports of price hikeCigarette company shares saw a significant jump on Friday. This surge followed reports of price increases, with firms like ITC, Godfrey Phi...
- ITC investors alert: What does a hike in statutory tobacco taxation in Budget fineprint revealITC shares fell nearly 3% during the Budget-day session as investors reacted to the December cigarette tax overhaul kicking in from Februar...
- 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...
- Cigarettes won't burn a bigger hole in smoker's pocket this year as Budget leaves prices unchangedThis year's Union Budget was presented on July 23 by Finance Minister Nirmala Sitharaman. No increase was made to the National Calamity Con...
- 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...
- ITC is the only Sensex stock with 90% win rate on Budget daysITC Stocks on Budget: ITC leads Sensex stocks on Budget days with nine positive returns (avg. 1.47%). IndusInd Bank follows at 80%. Worst I...
- 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...
- 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...
- ITC shares rally over 6% to hit fresh 52-week high. Was the Budget really so good?For ITC, cigarettes constitute more than 80% of the company’s net profit and about 45% of its topline. Therefore, tinkering in taxes has an...
- Bull's eye? 5 key takeaways for D-St investors from BudgetFinance Minister Nirmala Sitharaman announced to ramp up capital investment for the third year in a row by 33% to Rs 10 lakh crore
- 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...
- Budget 2023: ITC recovers sharply even as FM hikes NCCD on cigarettes by 16%The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cig...
- 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...
- After 2 years of goldilocks period, will FY24 Budget be a boon or bane for ITC?If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any...
- Budget: No news turns out to be good news for ITC, Godfrey PhillipsAxis Securities expected raising of either excise duty or NCCD (national calamity contingent duty) on cigarettes and tobacco products, whic...
- Budget 2020: Smokers to pay more on cigarettes, excise duty hiked on tobaccoPrice of cigarettes will go up by 6-7% in case of lower priced packs where the stick size is small and has borne the maximum increase in du...
- ITC hikes cigarette prices by 20% to offset rise in taxITC, which accounts for every three of four cigarettes sold in the country, has increased prices by 10% in the premium segment, while for t...
- Edelweiss downgrades ITC to 'hold'The brokerage added that prices hikes may lead to better GST collections, but its impact on volumes needs to be seen.
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