itc cigarette price hike 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. businesses are sensitive ITC Shares Fall Amid Cigarette
ITC Shares Fall Amid Cigarette Excise Duty Hike FinBiz posted on the topic LinkedIn ITC hikes prices of premium cigarette brands by 7 12% itc cigarette price hike Cigarette stocks rose up to 6.5% on April 29 as a report ITC has sharply raised cigarette prices across some categories, negating the impact of excise duty on its operating income. Prices for Gold Flake and Classic (Premium) has been hiked by 41%, Classic 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 Smokers hit hard as ITC plans to hike cigarette prices by up to 21%, ETRetail
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