ITC May Hike Cigarette Prices 20–40% | GST Impact Explained | What Investor Should Know? | Business
Автор: ET Now
Загружено: 2026-02-17
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ITC May Hike Cigarette Prices 20–40% | GST Impact Explained | What Investor Should Know? | Business
ITC is likely to raise cigarette prices by 20–40% to offset the sharp GST and excise duty hike under the new tobacco tax regime. Cigarettes have moved from the 28% slab to the 40% GST slab, with additional excise per stick. Brokerages believe price hikes may help mitigate profitability impact despite potential volume pressure. Here’s a full breakdown of what this means for ITC and other tobacco stocks.
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