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CIGARETTE TAX OUTLOOK
Below-normal monsoon won't derail rural demand, says Nomura's Mihir ShahDespite fears of a weaker monsoon, Nomura's Mihir Shah anticipates muted impact on rural demand due to healthy reservoir levels and improve...
No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv PuriITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...
ITC bulking up with products rich in protein and fibre: Sanjiv Puri“India is also a protein-deficient market. We already have offerings such as high-protein atta, soya chunks and protein shakes, and we will...
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...
Strong revenue growth fails to shield India Inc margins in March quarterCorporate India's March 2026 quarter results showed a mixed performance. While revenues grew strongly, input cost inflation and a weaker ru...
ITC Q4 preview: Will cigarette slowdown, tax hit weigh on earnings despite FMCG strength?ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth ...
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...
Cigarette prices: FAIFA says duty hike on tobacco products will hurt farmers, fuel smugglingThe Federation of All India Farmer Associations (FAIFA) criticizes the government's increased excise duty on tobacco products, warning it w...
Tax shocker makes Nuvama downgrade ITC shares, says cigarette prices can go up 20%Nuvama cut ITC’s target price to Rs 415 and downgraded the stock to hold after the government announced a sharper-than-expected hike in cig...
Stocks to buy: Macquarie maintains an outperform on HDFC Bank; Goldman sees 13% upside in ITC in 2025Macquarie has reaffirmed its positive stance on HDFC Bank, citing steady performance despite regulatory overhangs and short-term cost press...
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 hits Rs 5-lakh crore m-cap; CLSA raises targetIn the process, it became the 11th Indian listed company to touch ₹5 lakh crore in market capitalisation. In the last month, the stock has ...
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...
Investors lit up ITC as smoke over tax hike settles; will Q3 earnings let the flame sustain?The company is scheduled to announce its earnings for the December quarter on Friday. The sustenance of the current momentum in the stock w...
ITC to announce Q2 results today: Watch out for these 3 key factorsInvestors should watch out for the outlook on revenue growth in FMCG, hotels and paper businesses as economic activities return to normal l...
Shorts pile up on ITC counter; but a neutral Budget can send it soaringThis time around, there are heightened concerns after the government proposed a new cigarette policy that could severely dent the prospects...
ITC gains 2% ahead of Q3 earningsBrokerages expect cigarette volume for the FMCG player to grow at 3-4 per cent.
ITC to report Q1 results today; here's what analysts sayHDFC Securities sees revenue growth of 8 per cent YoY, with flat volume growth.
Current knee-jerk reaction a good point to enter ITC: Amnish Agarwal, Prabhudas LilladherA lot has come in this quarter but we need to watch out what happens in the coming quarters.
- VAT on cigarettes a huge burden on ITC: Deveshwar
ITC Ltd, the country's biggest tobacco firm, would face a "huge burden" due to the proposed levy of Value Added Tax (VAT) on cigarettes in ...