itc cigarette price hike India's posts profit uptick on tax-led hikes, Middle East crisis drags ITC May Hike Cigarette Prices
ITC May Hike Cigarette Prices by 8 10%; Gold Flake Pack Could Cost 125, Say Sources Companies ET Now #MarketToday #Nomura in its latest note said #ITC Ltd had begun implementing #cigarette price hikes, but the increases were lower than the brokerage's expectations for most brands. As a result ITC Ltd. has sharply raised cigarette prices across some categories, negating the impact of excise duty on its operating income, according to on ground study by analysts at B&K Securities and InCred. [ ITC price target slashed 26% on likely cigarette price hikes The Times of India Cigarette Stocks Jump On Report Of Price Hike ITC & Godfrey Phillips Recovery Explained ITC's Price Hikes Helped Mask A Tax Hit In Cigarettes Finimize
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