cigarette stocks in india are heating up at the start of February following the excise duty hike π¬π Companies like ITC are planning to increase cigarette prices by 20β40% to offset the impact of India's taxes on #tobacco are
India's taxes on #tobacco are among the highest. Yet, it is the world's 2nd largest producer & 3rd largest exporter. @ITCCorpCom has the highest market share (~84.27%) in #cigarette sales. And here's Business Shares of Indian tobacco companies fell on Thursday after the government imposed a new tax on cigarettes, making them costlier for an estimated 100 million smokers. ITC, maker of Gold ITC: Higher taxation killing Indian cigarette brands Indian Flake Cigarette packets abstract. India Stock Photo Alamy Indian tobacco stocks tank again, new tax hits shares of ITC & Godfrey Phillips India , Will illicit tobacco trade increase? , Jyotsna Kumar has more details WION Facebook
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