Cigarette Sales News

Markets

ITC shares haven’t lit up as taxes on cigarettes weigh on investors

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 2019
Market

ITC’s cigarettes business yet to recover from GST cess blow

ITC needs its cigarettes business to normalize for sales growth to revive but especially for profitability to improve

2 min read22 Jan 2018
Companies

ITC Q2 profit hit by tax increase on cigarettes

ITC 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 2017
Politics

Will higher taxes deter Indians from tobacco use?

High 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 2017
Market

ITC’s cigarette business holds up; GST rate key

Tax 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 2016
Companies

ITC: Kicking the habit

ITC's turning point will be when the consumer business contributes more significantly to profits than cigarettes right now

2 min read26 Jul 2016
Market

Cigarette margins puff up ITC in June quarter

ITC's cigarettes business contributes 86% of total segment profit, making it a critical ingredient in profit growth

2 min read22 Jul 2016
Companies

ITC’s June quarter profit up 10%, misses estimates

Net 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 2016
Companies

ITC launches ‘low smell’ cigarettes

ITC 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 2016
Companies

ITC tries short cigarettes as taxes hit demand

ITC 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 2015
Load More

Popular Topics

Budget

The 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

25 Articles