Nirmal Bang said ITC’s Q3 results were a mixed bag. Cigarette volume growth came in better than expectation, but margin for ...
ITC Ltd. will likely benefit from stable taxation outlook for cigarettes in the medium term, according brokerages. Its strong business fundamentals are also likely to support its growth in coming ...
ITC, Godfrey Phillips, and VST Industries shares are poised for gains as excise duties on cigarettes remain unchanged in the 2025-26 Union Budget. ITC's shares boosted by personal tax cuts and a ...
A significant part of ITC's business also comes from the FMCG business apart from cigarettes. Brokerage firm Jefferies called ITC a winner as the government did not tinker with tobacco tax. GST rates ...
Background Recent studies have shown that more opportunities exist for tax avoidance when cigarette excise tax structure departs from a uniform specific structure. However, the association between tax ...
The ITC Project also contains rich information on tobacco use-related factors including cigarette prices, exposure to tobacco control policies, and individual-level demographic characteristics that ...
Tobacco stocks such as ITC, Godfrey Philip and VST Industries gained as the Finance Minister did not hike the excise duty/NCDD on cigarettes and other tobacco products. Ahead of the Budget ...
Besides, there is a national calamity contingent duty (NCCD), which was put in place since 2023 and ranges between Rs 230 to Rs 850 per 1,000 sticks. ITC shares hogged the limelight on a more recent ...
Stock market analysts believe no tax hike would be the best scenario for cigarette stocks, followed by a single-digit growth in taxes that they believe could be easily absorbed by cigarette makers.
ITC is diversified consumption play with presence in businesses such as cigarettes, FMCG, hotels, Agri and Paperboard, Paper & Packaging (PPP) in India. It is a market leader in the domestic cigarette ...
Our data also show that approximately 40% of the growth in disposable vapors came from those with no prior cigarette usage ... Yesterday, the ITC issued its final determination in JUUL's case ...