itc cigarette price hike FlipItMoney | shares came under focus after the government increased excise duty on cigarettes, leading to hikes across segments. The move is ITC Introduces Smaller, More Affordable
ITC Introduces Smaller, More Affordable Classic Cigarettes Amid Rising Price Pressures, In a strategic move to navigate rising taxes and repeated price hikes, ITC has reportedly launched smaller and ITC Ltd. has sharply raised cigarette prices across some categories, negating the impact of excise duty on its operating income, according to on ground study by analysts at B&K Securities and InCred. [ Cigarette stocks jump 20% Is this a short rally or bigger shift ahead? , Shares of ITC Ltd, Godfrey Phillips India Ltd, and VST Industries Ltd rose sharply after reports said cigarette makers Big relief for cigarette majors ITC and Godfrey Phillips , Organized players have implemented steep price hikes across segments, helping offset the excise duty impact. As a result, FY27 EBIT ITC hikes cigarette prices by 20% to offset rise in tax The Economic Times Smokers hit hard as ITC plans to hike cigarette prices by up to 21%, ETRetail
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