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CIGARETTE TAX ENVIRONMENT
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 2% after Q4 results. What Goldman Sachs, Morgan Stanley and others are saying?ITC shares slipped on Friday despite a 5% rise in Q4 standalone profit and strong FMCG growth. Brokerages remained cautious, with Goldman S...
- 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, Godfrey Phillips, VST Industries in focus as Budget 2025 leaves tobacco taxes unchangedITC, Godfrey Phillips, and VST Industries shares are poised for gains as excise duties on cigarettes remain unchanged in the 2025-26 Union ...
- ITC shares rally nearly 10% in 2 sessions to cross Rs 500 markITC's shares soared nearly 10% in 2 days, surpassing Rs 500 and hitting a record Rs 510.60 on BSE. A 5% jump followed after the government ...
- ITC shares jump 5% as cigarettes escape tax shocks in BudgetWhile taxation of tobacco is primarily under the purview of the GST Council, the central government also levies NCCD on cigarettes, subject...
- 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...
- ITC's Q4 profit soars 21% as cigarettes, hotels lift salesITC reported 5.6% growth in revenue at ₹16,398 crore year on year for the fourth quarter ended March, FY23 helped by strong sales in cigare...
- 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...
- ITC, other cigarette stocks drop ahead of the Budget; here's whyAnalysts noted that a tax hike on cigarettes is a possibility as there have not been any hikes for the past two years. If the potential hik...
- Budget 2022: ITC, other stocks to watch as D-St fears hike in excise duty on tobaccoShares of ITC are down 16 per cent from October 2021 highs, Godfrey Phillips India is down 17.5 per cent while VST Industries is down 16 pe...
- Is it time to reduce exposure to sin stocks in your portfolio?Shares of cigarette companies are already under pressure since the announcement of the panel on cigarette taxes. For ITC, which had only re...
- 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...
- Brokerages downgrade ITC post Budget disappointmentITC’s cigarette business, which accounts for three of every four cigarettes sold legally, reported 4.7 per cent growth in revenue in the De...
- ITC may need 10-15% cigarette price hikeCompany’s net profit for the period was up by 29 per cent at Rs 4,141.93 crore beating Street estimates.
- GST cess pulls cigarette sales down 8-9% in July-AugustITC in July increased cigarette prices by 4-8 per cent due to the increase in GST cess.
- Additional tax on cigarette would exacerbate legal sales: ITC"The additional tax burden caused by the increase in compensation Cess rates...will exacerbate the pressure on the entire legal cigarette v...
- Buy ITC Ltd. target Rs 350 : SharekhanBuy ITC Ltd. for a price target of Rs 350
- 'NGOs' acting at behest of foreign tobacco firms: ITC chiefITC's Chairman Y C Deveshwar said if cigarettes were harmful, then why the product was being sold in airport duty-free shops.
- Budget 2012: Maintain tax stability in excise rates for cigarette/tobacco industry, says FICCIExcise Duty rates should be kept unchanged to leverage the tax efficiency of cigarettes by encouraging shifts from non-cigarette forms of c...
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