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ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...- India’s consumer demand remains resilient despite Iran war, inflation pressures; FMCG firms stay cautiously optimisticDespite geopolitical turmoil and inflation, domestic consumption of essentials and personal care products remains resilient. Company execut...
- 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...
- 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...
- 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 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 ...
- Maharashtra reduces VAT on jet fuel from 18% to 7%Aviation Turbine Fuel tax cut in Maharashtra offers relief to airlines. The state government reduced Value Added Tax to 7% from 18% until N...
- 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...
- March 31, 2026 deadline for key Income Tax and GST compliances: Time to take action now to prevent penalties and late feesTaxpayers face a critical March 31, 2026 deadline for numerous income tax and GST filings. Missing these dates can lead to lost benefits an...
- LIC's losses mount to Rs 10,445 crore in ITC in 2 days as stock plummets 13% after tax hikeLIC has incurred losses of over Rs 10,400 crore in just two days as ITC shares plunged 14% following a steep excise duty hike on cigarettes...
- 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...
- Higher tax on cigarettes keeps industry under pressure: ITCThe cumulative growth in tax incidence on cigarettes, after cognising for the latest increase in cess rates, stands at 202 per cent in last...
- ITC chokes on its own smoke! Set for steepest fall since 1992The brokerage has maintained hold rating on ITC with a target price of Rs 320.
- ITC to counter illegal cigarette market with a pack of new brands: Kurush Grant, Executive DirectorITC Executive Director Kurush Grant tells ET that new cigarette brands are pitched against illegal cigarettes that account for 20% of the m...
- UP: Increased VAT on cigarettes to impact ITCThe Uttar Pradesh Government recently increased state VAT applicable for cigarettes to 50% from 17.5%.
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