The cigarette business Ebit formed nearly 85% of the firm’s overall Ebit for the half-year ended SeptemberITC's cigarette volume growth for FY20 so far has broadly remained satisfactory
1 min read24 Dec 2019ITC needs its cigarettes business to normalize for sales growth to revive but especially for profitability to improve
2 min read22 Jan 2018ITC profit rises 6% to Rs2,640 crore September quarter from Rs2,500 crore a year earlier, revenue from cigarette sales declines 46.56%
2 min read27 Oct 2017High taxes on cigarettes, part of the government's so-called 'sin tax' agenda, has thus far failed to reduce consumption among the masses
2 min read27 Jul 2017Tax hikes and resultant price increases mean that ITC perhaps focusing on the economy segment of the cigarette business to maintain momentum
1 min read27 Oct 2016ITC's turning point will be when the consumer business contributes more significantly to profits than cigarettes right now
2 min read26 Jul 2016ITC's cigarettes business contributes 86% of total segment profit, making it a critical ingredient in profit growth
2 min read22 Jul 2016Net profit rose to Rs2,384.67 crore in the June quarter from Rs2,166.09 crore a year earlier; higher taxes, bigger pictoral warnings on cigarette packs hurt sales
2 min read22 Jul 2016ITC has started rolling out a new variant of its best-selling brand Classic with the tag Low Smell attached to it
1 min read11 Apr 2016ITC has begun to cut the size of some products, taking advantage of a quirk in India's tax system that hits longer cigarettes with higher rates
3 min read15 Apr 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared