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CIGARETTES PRICE HIKE
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...- 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...
- Cigarette business weakness drags ITC margins in March quarterITC's cigarette business saw lower profits in the March quarter due to increased taxes. While other areas like FMCG improved, they could no...
- Tactical buying visible in IT, selective opportunities emerging in auto ancillaries: Neeraj DewanIndian stock markets are navigating a balance between optimism and caution. Inflationary pressures and global uncertainties are key concern...
- 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 ...
- Why stock market rose today? Sensex rises over 600 points, Nifty ends above 24,150. 3 key factors behind the rallyIndian stock markets surged on Wednesday, with Sensex and Nifty 50 gaining significantly. This optimism was fueled by reports of Iran submi...
- ITC, Godfrey Phillips shares rally up to 7% on reports of 17% hike in cigarettes priceITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...
- From Hormuz to headquarters: Iran war ripples through corporate balance sheets, blurs forecastsBusinesses face rising costs and supply chain disruptions due to the U.S.-Israeli war with Iran. Companies report higher transport and raw ...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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.
- 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.
- 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...
- 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...
- 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...
- West Bengal government increases tax on cigarette; may further increase pricesThe companies are likely to take the final call on exact price hike by April, as other state governments present their Budget.
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