tobacco stocks india India's taxes on #tobacco are among the highest. Yet, it is the world's 2nd largest producer & 3rd largest exporter. @ITCCorpCom has the highest market share (~84.27%) in #cigarette sales. And here's Tobacco stocks came under pressure

Tobacco stocks came under pressure after cigarette prices were raised across categories in response to the revised excise duty framework that came into effect on February 1, 2026 ., During the Indias tobacco sector came under pressure following a fresh tax move aimed at curbing cigarette consumption amid public health concerns ., Shares of ITC dropped 5.65%, while Godfrey Phillips India Tobacco stocks crash as India imposes new excise duty Cigarette stocks are heating up at the start of February following the excise duty hike Companies like ITC are planning to increase cigarette prices by 2040% to offset the impact of Indian Tobacco Stocks Fall on Excise Duty Hike Deepanshu Sharma posted on the topic LinkedIn Indian Tobacco Stocks Slide After Government Imposes Higher Cigarette Excise Duty

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