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...
22 May, 2026, 06.35 AM IST
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 ...
20 May, 2026, 12.16 PM IST
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...
29 Apr, 2026, 02.23 PM IST
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...
20 Apr, 2026, 06.01 AM IST
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...
13 Apr, 2026, 01.47 PM IST
ITC shares in focus as stock hits 3-year low, brokerages downgrade after steep excise duty hike on cigarettesITC shares slid to a three-year low after a sharp tobacco tax hike triggered widespread brokerage downgrades. Analysts warn that higher exc...
05 Jan, 2026, 09.30 AM IST
ITC hit by 6 brokerage downgrades as cigarette tax hike darkens earnings outlook. Should you buy, sell or hold?Brokerages have turned sharply cautious on ITC after the government’s steep hike in cigarette excise duties, triggering downgrades, earning...
02 Jan, 2026, 09.32 AM IST
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...
02 Feb, 2023, 12.40 PM IST
Budget 2023: ITC recovers sharply even as FM hikes NCCD on cigarettes by 16%The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cig...
01 Feb, 2023, 04.54 PM IST
Budget: No news turns out to be good news for ITC, Godfrey PhillipsAxis Securities expected raising of either excise duty or NCCD (national calamity contingent duty) on cigarettes and tobacco products, whic...
01 Feb, 2022, 03.02 PM IST
ITC, other cigarette stocks drop ahead of the Budget; here's whyAnalysts 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...
01 Feb, 2022, 10.18 AM IST
Budget 2022: ITC, other stocks to watch as D-St fears hike in excise duty on tobaccoShares 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...
21 Jan, 2022, 12.45 PM IST
ITC trading cheapest among peers as fear of GST hike worries StreetITC has underperformed the BSE FMCG index which is down about 5 per cent in the last one month.
12 Dec, 2019, 08.11 AM IST
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.
19 Jul, 2017, 08.39 AM IST
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...
18 Jul, 2017, 11.35 PM IST
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...
18 Jul, 2017, 08.03 PM IST
- West Bengal government increases tax on cigarette; may further increase prices
The companies are likely to take the final call on exact price hike by April, as other state governments present their Budget.
11 Mar, 2013, 06.11 PM IST