itc cigarette price hike Prices To Go Up Again? ITC, Godfrey Phillips In Focus As 17% Expected ITC Plans 8-10% Price Hikes

ITC Plans 8 10% Price Hikes on Select Cigarette Packs Whalesbook 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. [ Smokers hit hard as ITC plans to hike cigarette prices by up to 21%, ETRetail SourcesSay ET Now Exclusive : ITC Likely To Hike Cigarette Prices 20 To 40 Percent Sources say ITC could raise cigarette prices across brands as the new tobacco tax regime kicks 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

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