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PREMIUM CIGARETTE TAX
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 ...- 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 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...
- Measures like tax relief, import curbs can shield India from West Asia crisis: ReportIndia must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restr...
- 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, 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...
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- 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 Q3 Results: Cons PAT flat at Rs 4,931 crore, revenue up 7%; Rs 6.50 per share dividend announcedITC Q3 Results: FMCG major ITC's December quarter consolidated net profit stood at Rs 4,931 crore, flat compared to Rs 4,935 crore reported...
- Classic, Gold Flake or Marlboro: How your cigarette bills may get costlier from February 1From February 1, 2026, cigarettes will cost more -- and it’s not just the brand that matters. Short sticks see smaller hikes, but king-size...
- Cigarette demand likely to rise by 7-9 pc this fiscal: CrisilThe return of employees to offices and a stable tax regime are expected to increase cigarette demand by 7-9% this fiscal year, according to...
- Indians cut down on alcohol and cigarettes as pandemic limiting extra expensesAs per the latest Euromonitor International report, this year there will be a steep almost 40% decline in single malt scotch whiskey sales ...
- ITC hikes cigarette prices by 20% to offset rise in taxITC, which accounts for every three of four cigarettes sold in the country, has increased prices by 10% in the premium segment, while for t...
- Cigarette sales will continue to be under pressure in India: ReportIn case of the economy cigarette segment, total tax accounts for over 75% of the price, while it is 50% in case of premium cigarette brands...
- ITC increases cigarette prices by 4-8% as a result of higher taxA 20-cigarette pack of Classic and Gold Flake Kings will now cost Rs 300, compared with their earlier maximum retail price of Rs 278.
- 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...
- Government needs to introduce tobacco regulation to prevent trade in illegal cigarettesSales volume has declined by as much as 15 per cent in the last two quarters, with the affordable sub-65 mm length cigarettes prices having...
- Cigarette sales fall on sharp increase in taxesSales volume fell by more than 10% in the July-December period from the January-June half due to a 15-35% increase in cigarette prices
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