itc cigarette price hike target slashed 26% on likely price hikes ITC Shares Fall Amid Cigarette
ITC Shares Fall Amid Cigarette Excise Duty Hike FinBiz posted on the topic LinkedIn ITC may not hike cigarette prices after tax rate cut, ban on vaping Company News Business Standard 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 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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