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Dividend cut and asset sales drive lower income and exposure British American Tobacco-linked entities received a total dividend payout of 3,895.74 crore from ITC for the 2026 fiscal year, which represented an 8.1% decline compared to the previous year, reflecting a reduction in shareholding and resulting in lower recurring income for the group, according to Whalesbook

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Supply-side and distribution patterns are likewise tightening around channel fit by form factor, creating different competitive dynamics for cigarettes, beedis, and RYO lines within the same category

The rate for the meals and rooms tax presently stands at 9 percent

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