Indian stock markets are navigating a balance between optimism and caution. Inflationary pressures and global uncertainties are key concern...

ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth ...

Indian stock markets surged on Wednesday, with Sensex and Nifty 50 gaining significantly. This optimism was fueled by reports of Iran submi...

ITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...

Businesses face rising costs and supply chain disruptions due to the U.S.-Israeli war with Iran. Companies report higher transport and raw ...

The FMCG sector anticipates a steady March quarter, buoyed by stable rural demand and urban recovery, despite subdued pricing in some segme...

Consumer sector outlook for FY27 faces challenges from cigarette tax hikes and crude oil shocks. Abneesh Roy of Nuvama Institutional Equiti...

Smoking is now a sign of wealth in India. Higher taxes make cigarettes expensive. This makes lighting up a cigarette a display of disposabl...

Cigarette prices have surged by at least ₹22-25 per pack following a new excise duty. Premium cigarettes will see an increase of ₹50-55 per...

Cigarette prices in India are set to rise by up to 20% from February due to a sharp increase in excise duty, hitting premium large sticks t...

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...

The firm has retained overweight rating on the stock with a target price of Rs 320.

This would be the sixth straight year of tax increase and price hike for the cigarette industry.

The Tobacco Institute of India said this will put severe pressure on the legal cigarette industry by leading to increased smuggling and ill...

The GST Council at its meeting on Monday increased the compensation cess rate on various segments of cigarettes ranging from Rs 485 to Rs 7...

Godfrey Phillips surged 13.08 per cent to Rs 800 after ET Now reported that the company would raise cigarette prices by an average of Rs 12...

The companies are likely to take the final call on exact price hike by April, as other state governments present their Budget.