ITC's cigarette business saw lower profits in the March quarter due to increased taxes. While other areas like FMCG improved, they could no...

ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth ...

ITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...

The FMCG sector anticipates a steady March quarter, buoyed by stable rural demand and urban recovery, despite subdued pricing in some segme...

Consumer sector outlook for FY27 faces challenges from cigarette tax hikes and crude oil shocks. Abneesh Roy of Nuvama Institutional Equiti...

ITC shares slid to a three-year low after a sharp tobacco tax hike triggered widespread brokerage downgrades. Analysts warn that higher exc...

Brokerages have turned sharply cautious on ITC after the government’s steep hike in cigarette excise duties, triggering downgrades, earning...

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...

The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cig...

Axis Securities expected raising of either excise duty or NCCD (national calamity contingent duty) on cigarettes and tobacco products, whic...

Analysts noted that a tax hike on cigarettes is a possibility as there have not been any hikes for the past two years. If the potential hik...

Shares of ITC are down 16 per cent from October 2021 highs, Godfrey Phillips India is down 17.5 per cent while VST Industries is down 16 pe...

ITC has underperformed the BSE FMCG index which is down about 5 per cent in the last one month.

This would be the sixth straight year of tax increase and price hike for the cigarette industry.

The Tobacco Institute of India said this will put severe pressure on the legal cigarette industry by leading to increased smuggling and ill...

The GST Council at its meeting on Monday increased the compensation cess rate on various segments of cigarettes ranging from Rs 485 to Rs 7...

The companies are likely to take the final call on exact price hike by April, as other state governments present their Budget.