itc cigarette price hike NewsDotz | Shares of major tobacco companies saw a noticeable rise after reports indicated a possible increase in prices from next month ITC Banks On Shorter-Length Cigarettes

ITC Banks On Shorter Length Cigarettes Amid Price Hikes Check Morgan Stanley's Target Price ITC, Godfrey Phillips Plan 17% Cigarette Price Hike Amid Consumer Strain Whalesbook If buying a pack of #cigarettes has suddenly started to feel noticeably heavier on the pocket, it is not just perception. A fresh round of excise duty changes that came into force 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. Cigarette businesses are sensitive ITC's Price Hikes Helped Mask A Tax Hit In Cigarettes Finimize 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

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