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ITC CIGARETTE VOLUMES
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...
BAT to cut 9,000 jobs globally as the world lights fewer cigarettesBritish American Tobacco is slashing approximately 9,000 jobs globally as part of a major restructuring. This significant workforce reducti...
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 results: After margin surprise, all eyes now on cigarette tax impact, says Gaurang ShahITC Limited reported a steady March quarter. Strong operating margins were a key positive. EBITDA margins exceeded expectations. The compan...
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...
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 ...
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...
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...
Buy ITC, target Rs 382: HDFC SecuritiesBuy ITC Ltd. at a price target of Rs 382.
ITC soars 5% as GST Council caps cess on tobacco productsITC shares added Rs 13 to close at Rs 281.20 on the BSE on Friday, off the day's high of Rs 289.
Hike in cigarette prices to offset fall in volumes; valuations looks attractive for ITC: Mayuresh JoshiOne really needs to understand how the impact on the profit & loss might happen as far as ITC’s core or absolute numbers are concerned, say...
Government's focus on cutting down smoking has meant continuous fall in ITC's performanceIn the Budget speech, the excise duty changes for cigarettes and tobacco products were shown under the sub-theme of promoting public health.
ITC cracks 8% on excise duty hike; expect earnings downgradeITC closed the day 8.2 per cent lower at Rs 361.25. It hit an intraday low of Rs 350, and a high of Rs 409.70 in trade today.
- What is pushing ITC towards record highs?
The FMCG major has been investors’ darling so far in the year 2013, hitting record highs on a regular basis.
- Excise hike to dent cigarette volumes: Sharekhan
Shares of ITC and Godfrey Phillips India were badly hit after the finance minister proposed an increase in cigarette taxes, forcing brokera...