itc cigarette price hike 📈📉 #MarketToday 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 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. [ cigarette: ITC increases cigarette prices by 4 8% as a result of higher tax The Economic Times ITC may not hike cigarette prices after tax rate cut, ban on vaping Company News Business Standard ITC's cigarette price hikes may cushion volumes, but hurt margins: Nomura Markets News Business Standard

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