itc cigarette price hike hikes prices of premium brands by 7-12% If buying a pack of

If buying a pack of #cigarettes has suddenly started to feel noticeably heavier on the pocket, it is not just perception. A fresh round of excise duty changes that came into force Today Shares of cigarette manufacturers, including ITC and Godfrey Phillips India, have witnessed a major spike after reports of price hikes. The surge comes as the companies look to offset the impact ITC's shares dipped sharply after analysts flagged that the new excise duty on cigarettes could squeeze margins unless the company hikes retail prices by around 15% or more. Cigarette businesses are sensitive ETNOWExclusive ITC mulling 8 10% price hike in select cigarette packs, sources tell @akankshakmtt #ITC #Cigarette #Stockmarket According to a report by NDTV Profit citing B&K Securities, Godfrey Phillips increased the price of Pocket Marlboro to Rs 85 from Rs 70, while ITC raised the price of Gold Flake Cigarette Prices To Go Up Again? ITC, Godfrey Phillips In Focus As 17% Price Hike Expected

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