Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled ...
India’s largest cigarette maker ITC Ltd. wiped out about $7 billion in market value after a government tax hike on tobacco ...
A large trade also took place in ITC earlier in the day where over 4 crore shares changed hands in the transaction. The ...
The stock tumbled to its 52-week low after the government announced the date from which additional excise duty on tobacco ...
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ITC shares fell over 4% on Thursday, hitting a 33-month low after the government announced a new excise duty on cigarettes ...
Analysts at Prabhudas Lilladher said the cigarette excise opens a "pandora’s box" and they estimate 23-50% hike in prices of ...
"While we are still unsure on the final outcome, if confirmed, this will be a clear negative, as volumes will be impacted and ...
ITC Ltd reported a consolidated net profit of Rs 5,343.41 crore for the June 2025 quarter, with revenue from operations at Rs 23,129.35 crore. The results are not directly comparable to previous ...
PL Capital said the excise duty will increase the ITC's product prices by 23-50 per cent and hit volumes by 12.5 per cent in ...
ITC Ltd, India's leading cigarette manufacturer, experienced a significant drop in market capitalisation, losing nearly $7 ...
ITC might need to hike prices by “at least 15%” to pass on the overall impact to consumers, if not higher. ITC gets over 40% ...