ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on prof...
03 Nov, 2026, 09.35 AM IST
ITC Q2 net profit falls 20% as high taxes keep margins in checkITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxa...
03 Nov, 2026, 07.29 AM IST
Sun Pharma’s specialty portfolio, Organon deal to drive growthSun Pharmaceutical achieved notable revenue growth in the September quarter, driven by strong performance in India and specialty medicines....
02 Nov, 2026, 06.48 AM IST
ITC shares rise 2% a day after hitting a 52-week low following GQG’s Rs 9,395 crore stake sale. What lies ahead?ITC shares rose after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax ...
09 Oct, 2026, 09.53 AM IST
Rs 9,395 crore block deal! GQG exits ITC shares after a sharp 30% crash this yearITC witnessed a nearly Rs 9,437 crore block deal as a GQG-linked fund sold 36.51 crore shares, while Fidelity and major Indian mutual funds...
08 Oct, 2026, 08.07 PM IST
ITC shares slide 3% on block deal buzz; FMCG giant down 29% in 2026ITC shares witnessed a drop on Thursday amid reports of likely block deals, with nearly 39 crore shares changing hands across the NSE and B...
08 Oct, 2026, 11.02 AM IST
ITC shares gain 3% after Q1 results. Here’s why Nomura upgraded the stock to BuyITC share Price: ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit....
03 Aug, 2026, 11.12 AM IST
ITC Q1 Preview: Will cigarette tax shock drag profit lower despite FMCG strength?ITC is expected to report a weak Q1FY27 as the first full-quarter impact of the new cigarette tax regime weighs on volumes and profitabilit...
30 Jul, 2026, 01.01 PM IST
GST at 40%: Cigarettes turn into India’s costliest status markerSmoking is now a sign of wealth in India. Higher taxes make cigarettes expensive. This makes lighting up a cigarette a display of disposabl...
08 Apr, 2026, 11.49 PM IST
Cigarette prices jump up to ₹55 per pack as new excise duty kicks in. Check what gets costlier and by how muchCigarette 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...
01 Feb, 2026, 08.27 PM IST
Smoking will burn a bigger hole in your pocket now as govt imposes new excise duty on tobaccoCigarette 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...
02 Jan, 2026, 12.20 AM IST
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...
02 Feb, 2023, 12.40 PM IST
Cigarette price hikes key to ITC stock performance: Morgan StanleyThe firm has retained overweight rating on the stock with a target price of Rs 320.
06 Mar, 2019, 10.16 AM IST
Cigarette prices set to go up by 9% on higher cessThis would be the sixth straight year of tax increase and price hike for the cigarette industry.
19 Jul, 2017, 08.39 AM IST
Cigarette prices set to go up by 9% after higher cessThe Tobacco Institute of India said this will put severe pressure on the legal cigarette industry by leading to increased smuggling and ill...
18 Jul, 2017, 11.35 PM IST
Cigarette industry body wants GST Council to roll back tax increaseThe GST Council at its meeting on Monday increased the compensation cess rate on various segments of cigarettes ranging from Rs 485 to Rs 7...
18 Jul, 2017, 08.03 PM IST
Tobacco stocks surge up to 20% on reports of cigarette price hikeGodfrey 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...
16 Oct, 2015, 04.15 PM IST