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CIGARETTE RETAIL IMPACT
ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...- ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain aheadITC shares fell to a fresh 52-week low on Wednesday as investors reacted to steep tax hikes on cigarettes under the new GST 2.0 regime. Bro...
- Cigarette industry bracing for 6-8 pc volume contraction post add'l excise duty levy: CrisilIndian cigarette companies face a tough year ahead. New taxes and higher GST rates are expected to shrink sales by 6-8 percent next fiscal....
- Classic, Gold Flake or Marlboro: How your cigarette bills may get costlier from February 1From February 1, 2026, cigarettes will cost more -- and it’s not just the brand that matters. Short sticks see smaller hikes, but king-size...
- ITC, Godfrey Phillips shares crack up to 19% on New Year’s Day. What’s the bad news?Tobacco stocks like ITC and Godfrey Phillips saw significant drops on Thursday. This follows the finance ministry's notification of an addi...
- Tobacco prices set to rise 5–6% as GST council clears 40% slabTobacco products may become more expensive. The GST Council increased tax on items like cigarettes and pan masala. The new GST rate will li...
- Attractive valuation! ITC shares can rally up to 18%, says SharekhanThe brokerage firm reiterated a buy on ITC with an unchanged target price of Rs 450. Attractive valuations at 23x/21x its FY2024/FY2025E EP...
- How will New Zealand's lifetime ban on cigarette sales work?New Zealand plans to make it illegal to sell cigarettes to anyone aged 14 and under from 2027.
- Farmers' body FAIFA asks Prime Minister Modi to withdraw bill on cigarette, tobaccoFederation of All India Farmer Associations (FAIFA) General Secretary Murali Babu said that in the amendment bill all the provisions of the...
- FRAI urges PM Modi to order recall of proposed changes in law on cigarettes, other tobacco productsFRAI, which claims to represent 4 crore micro, small and medium retailers from across India with membership of 34 retail associations from ...
- Indians to be thrifty with liquor, cigarettes this year: ResearchA Nielsen survey found over 42% of consumers in India will cut their spending on alcohol and tobacco products to reduce discretionary spend...
- Consumers likely to cut spending on liquor and cigarettes; industry records no legal sales in AprilIndustry executives said there were nil sales of these two categories in April in the white channel due to government prohibition. This is ...
- ITC Q1 results: Profit may rise 10-14%; volume may moderate to 5-6%DFC Securities expects a 3 per cent volume growth for the cigarette maker.
- Budget 2019: Cigarette makers are unlikely to hike prices due to imposition of the excise duty, say analystsAn analyst, who requested anonymity, said cigarette companies can factor this excise duty impact when they hike prices next due to increase...
- Performance of lifestyle retailing business adversely impacted in FY18: ITCThe non-cigarette FMCG business touched Rs 11,329 crore in 2017-18 while profit for the year improved to Rs 164 crore from Rs 28 crore in 2...
- Smokers cough up more than MRPUnlike most products that face excise duties, this is one item where prices start moving up even before a formal announcement is made in th...
- Health minister Harsh Vardhan for raising tax on cigarettesHarsh Vardhan has asked the finance ministry to raise tax on cigarettes of all lengths by Rs 2 to 3.5 per stick.
- Union budget 2012-13: Cigarette prices to go up; no impact in stock priceBudget 2012 announced a proposal to increase basic excise duty on cigarettes of more than 65mm length by adding an ad valorem component of ...
- Cigarette taxes are discriminatory: Kurush GrantDiscriminatory taxes on cigarettes have not helped reduce the tobacco consumption in the country, says ITC divisional chief executive (toba...
- ITC sees cigarette volumes drop due to higher taxesFollowing incidence of higher tax rates due to imposition of 12.5 per cent VAT on cigarettes, ITC Limited feels that sales volume would def...
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