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CIGARETTE SECTOR HEADWINDS
FMCG sector set for steady Q4 on rural demand and volume growthThe FMCG sector anticipates a steady March quarter, buoyed by stable rural demand and urban recovery, despite subdued pricing in some segme...- Global Markets | European shares climb to one-month high as Middle East peace hopes emergeEuropean shares rallied to their highest intraday level in over a month on Tuesday, as investors welcomed signs of possible Middle East pea...
- ITC, paints, QSR: Abneesh Roy on what you should buy and avoid right nowConsumer sector outlook for FY27 faces challenges from cigarette tax hikes and crude oil shocks. Abneesh Roy of Nuvama Institutional Equiti...
- ITC shares in focus as stock hits 3-year low, brokerages downgrade after steep excise duty hike on cigarettesITC shares slid to a three-year low after a sharp tobacco tax hike triggered widespread brokerage downgrades. Analysts warn that higher exc...
- Buy, Sell or Hold: Motilal Oswal downgrades ITC; Citi maintains neutral rating on HCL TechnologiesBrokerage views on key frontline stocks reflect divergent trends. Citi maintained a Neutral stance on HCL Technologies while raising its ta...
- 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...
- Abneesh Roy on why ITC is a buy even at Rs 400ITC's legal cigarette sector is increasing its market share, and the FMCG division will see gross and EBITDA margins improve in Q4, leading...
- Cigarette, alcohol sales shine in inflation-hit weak FMCG marketStability in taxes and stringent action by the government on illicit and smuggled cigarettes helped expand the size of the duty-paid cigare...
- Budget 2023 Focus List: Here are 10 key pts to watch out for on WedAlong with the FY24 Budget, the government will announce revised Budget estimates for FY23, which will include capital expenditure, planned...
- Overweight on ITC, target price Rs 305: Morgan StanleyITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 327860.22 Crore) operating in Tobacco sector.
- Multiple headwinds likely to weigh on consumer stocksJefferies has cut FMCG giant Hindustan Unilever's earnings estimates for 2022-23 by 9% and by 3% for 2023-24. With soaps and detergents - t...
- Long & Short of Markets: Metal mania, recovery plays & multibaggersRead about strong financials of metal stocks, ITC’s outlook and where to spot multibaggers in this week’s edition of Long & Short of Market...
- Is hope turning to despair in case of ITC?According to Bloomberg data, 31 of the 39 (i.e. 80%) analysts tracking the stock of India's biggest diversified cigarette company have been...
- Not easy to predict when demand will revive: Sanjiv PuriA reasonably good rabi crop and the scaling up of infrastructure development as well as the focus on addressing balance sheet issues by the...
- ITC’s cigarette volumes may not sustain, Street has worriesITC posted a 4 per cent increase in net profit – the slowest growth in the past 11 quarters.
- What is driving rebound in ITC? Where there’s smoke, there’s fireAt present, ITC owns 60 per cent of the hotels and manages remaining 40 per cent for others.
- Morality or money? Tobacco, liquor, casino stocks surge up to 225% in five yearsSome people consider buying liquor, cigarette or playing games in casino against their ethics.
- Why ITC continues to be the Street’s favourite FMCG stock?The March quarter performance of the cigarettes-to-consumer goods conglomerate further validates why ITC continues to be the Street’s favou...
- FMCG companies like ITC may post modest growthFMCG companies are likely to face another quarter of modest growth in volumes - more so in case of discretionary consumption products.
- Australian ruling on cigarette packages burns ITC, FMCG stocksShares of tobacco-to-hospitality major ITC fell 3.6% to 258 on Thursday after the Australian Supreme Court on Wednesday banned logos on cig...
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