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EXCISE DUTY CIGARETTES
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 announces final dividend of Rs 8/share. Check record date and other detailsExcerpt: ITC Limited’s board has recommended a final dividend of Rs 8 per share for FY26, with May 27 set as the record date. Alongside an ...
- ITC Q4 Results: Profit rises 5% YoY to Rs 5,113 crore; Rs 8/share dividend declaredITC reported a 5% year-on-year growth in its standalone net profit to Rs 5,113 crore for the March-ended quarter. Revenue from operations r...
- 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...
- Tobacco Institute of India urges Centre to reconsider cigarette tax hikeThe Tobacco Institute of India warns that a significant excise duty hike on cigarettes will harm farmers, MSMEs, and retailers, while boost...
- 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...
- ITC, other cigarette stocks rally up to 4% as govt hikes excise duty marginallyITC surged 3.91 per cent to hit a high of Rs 268.15. This company had reported negative volume growth for the past three years.
- ITC takes a breather post Budget rally; here's what experts sayPrabhudas Lilladher (PL) believes ITC would need to hike cigarette prices by 7 per cent to neutralise the impact of excise duty hike.
- Cigarette companies gain ground despite duty hike, ITC surges 9%In the previous session also, cigarette stocks had recovered after falling sharply on the excise duty hike announcement.
- Budget 2016: Excise duty hike on tobacco products will have negative impact on cigarette companiesITC, the country’s largest cigarettes seller, did not respond to the mail seeking comment on the latest excise hike in the national budget.
- Budget 2016: Excise duty on tobacco products up by 10-15%; cigarettes set to cost moreCigarette prices are set to go up for the fifth successive year in India with the Budget announcing 10-15% increase in excise duty for all ...
- ITC to hike cigarette prices by up to 15%ITC is India's largest cigarette manufacturer. ITC's cigarettes with revised prices are expected to hit market by end of the next week.
- Budget 2015: Smokers hit hard as excise duty on cigarettes and cigars hikedSmoking will become costlier yet again with excise duty on cigarettes and cigars being hiked for the fourth consecutive year.
- Budget 2015: Cigarette prices to go up by 10-15%Smoking is going to be costlier yet again with the budget increasing excise duty on cigarettes and cigars for the fourth consecutive year.
- Budget 2014: Excise duties on cigarettes, tobacco, pan-masala, gutka hikedCigarette price is going to go up by 12-14% for regular length cigarettes whose excise duty has been increased by 11-21%.
- 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...
- Budget 2011: ASSOCHAM recommends retention of single-point central, specific duty structure for cigarettesIndustry body, ASSOCHAM has recommended retention of single-point central, specific duty structure for cigarettes.
- Excise hike to dent cigarette volumes: SharekhanShares of ITC and Godfrey Phillips India were badly hit after the finance minister proposed an increase in cigarette taxes, forcing brokera...
- Non-filter cigarettes to cost moreFinance Minister P Chidambaram does not want to differentiate between filter and plain cigarettes, on which he has proposed to levy an exci...
- Remove veil around state VAT on tobaccoGiven this high rate of excise on cigarettes, the current debate on a possible extension of the State VAT thereto, in addition to the excis...
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