itc tobacco India's posts profit uptick on tax-led price hikes, Middle East crisis drags Two British American Tobacco-linked entities
Two British American Tobacco linked entities receive Rs 3,896 crore ITC dividend in FY26 The Economic Times Shares of tobacco companies fell sharply in trade on January 1 after the government imposed higher excise duty on cigarettes, triggering heavy selling across the sector. ITC shares dropped over 10% to ITC sells 3 out of every 4 cigarettes sold legally in India. It is the undisputed market leader in cigarettes in India with a market share (volume) of over 75 percent. With ITC's journey from a tobacco company to a conglomerate ITC's cigarettes business helps it sail through rough seas Rocky Patel ITC Super Fuerte Natural PIPES and CIGARS
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