ITC's cigarette price hikes may cushion volumes, but hurt margins: Nomura

In the case of ITC, Nomura noted that the company has started increasing prices for its premium brands, including Gold Flake ...
The Financial Express

ITC hikes cigarette prices by 30% but Nomura warns of 20% margin hit – Here’s why

Nomura warns ITC's lower cigarette price hikes may hit margins more than expected — discover the latest on ITC's pricing strategy.

ITC, Godfrey Phillips, other tobacco shares fall over 5% as cigarette prices rise after excise duty hike

ITC, Godfrey Phillips and VST Industries fell sharply on Monday after cigarette prices jumped following a steep excise duty hike effective February 1. Retail prices rose by Rs 22–25 per pack as taxes ...