The expected price revision could extend beyond premium products, with similar hikes likely across value-end brands sold by ...
Shares of ITC and Godfrey Phillips surged up to 6.5% following reports of a 17% increase in cigarette prices scheduled for ...
ITC Limited shares have underperformed both cigarette peers and the broader FMCG pack, as the excise duty hike intensifies ...
Cigarette stocks surged as much as 7% on the afternoon of April 29, a report indicated that both companies plan to raise ...
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Cigarette volumes fell 20% in April as tax hike bites; king size segment bears the brunt
Stocks in focus are ITC and Godfrey Phillips, both of which derive significant revenue from the king-size segment.
Cigarette sales drop after steep price hikes from tax changes; analysts warn of margin pressure but advise long-term investors to stay cautious.
Cigarette stocks gained investor interest on April 17 as VST Industries Ltd on April 16 reported a sharp 120% YoY increase in net profit in March quarter to Rs 116.7 crore as compared to Rs 53 crore ...
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