itc cigarette price hike cigarette: increases prices by 4-8% as a result of higher tax ITC's shares dipped sharply after

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 Cigarette Prices Raised By ITC, Godfrey Phillips Check New Rates For Gold Flake, Classic, Marlboro Big relief for cigarette majors ITC and Godfrey Phillips , Organized players have implemented steep price hikes across segments, helping offset the excise duty impact. As a result, FY27 EBIT Cigarette Stocks Jump On Report Of Price Hike ITC & Godfrey Phillips Recovery Explained India's ITC posts profit uptick on tax led price hikes, Middle East crisis drags Reuters

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