CIGARETTE PRICE HIKE
Milk & money: What’s making India’s daily dose of doodh more expensive?
Amul and Mother Dairy have recently raised milk prices by Rs 2-4 per litre to address higher production costs. Karnataka's Nandini also increased prices in early November to enhance farmer earnings. Rising expenditures for fodder, cattle feed, and operational costs have pressured dairy companies. Although India remains the largest milk producer, growth rates have slowed, affecting supply dynamics.
Amul milk, Cigarettes, Surf Excel: From dairy to detergent, check what has become costlier and how much more you will pay after price hikes
Milk, ghee, butter, curd, detergents, soap and cigarettes have become costlier following a series of price revisions in the last two months. Amul, Mother Dairy and Nandini have raised dairy prices, while HUL has revised rates of Surf Excel, Rin and Wheel products. ITC has increased Gold Flake Premium prices, and commercial LPG rates have risen for two consecutive months. Here is a product-wise breakdown of the old and new prices, the amount of each increase and when the revisions took effect.
Cigarettes to get costlier: ITC hikes Gold Flake Premium prices for the second time this year; here's how much a pack will now cost
ITC Ltd has raised the price of its Gold Flake Premium cigarettes by Rs 10 per pack, taking the MRP of a 10-cigarette pack to Rs 135 from Rs 125. This is the second price increase for the brand in 2026, following a hike in June. The revision comes as cigarette makers face higher taxes and pressure on legal market volumes, while ITC looks to expand its FMCG and other non-cigarette businesses.
ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?
ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on profitability. However, its FMCG business delivered strong growth. Jefferies, Nuvama, Emkay and DAM Capital remain positive on the stock, with target prices ranging from Rs 300 to Rs 355.
ITC Q2 net profit falls 20% as high taxes keep margins in check
ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxation significantly impacted profitability, forcing ITC to absorb part of the price hikes. Non-cigarette businesses showed strong growth, achieving the highest revenue growth in 14 quarters. Factors such as inflation and geopolitical tensions continue to affect the operating environment.
Sun Pharma’s specialty portfolio, Organon deal to drive growth
Sun Pharmaceutical achieved notable revenue growth in the September quarter, driven by strong performance in India and specialty medicines. The company anticipates medium-term growth from therapies like Ilumya and ongoing innovative projects. Although profitability was affected by acquisition and litigation costs, the domestic market share increased to 8.6% from last year. R&D investments are expected to rise in the second half of FY27 as development accelerates.
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ITC shares rise 2% a day after hitting a 52-week low following GQG’s Rs 9,395 crore stake sale. What lies ahead?
ITC shares rose after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax hikes, inflation and rising oil prices weighed on performance. Investors now await quarterly earnings, while brokerages remain divided on the stock’s outlook and valuation prospects.
Rs 9,395 crore block deal! GQG exits ITC shares after a sharp 30% crash this year
ITC witnessed a nearly Rs 9,437 crore block deal as a GQG-linked fund sold 36.51 crore shares, while Fidelity and major Indian mutual funds bought stakes. The transaction comes as ITC shares remain under pressure from taxation concerns and weak volume recovery.
ITC shares slide 3% on block deal buzz; FMCG giant down 29% in 2026
ITC shares witnessed a drop on Thursday amid reports of likely block deals, with nearly 39 crore shares changing hands across the NSE and BSE. The identities of the buyers and sellers involved in the reported transactions were not immediately known.
Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings
Godfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cigarette sector. Analysts believe the worst of the tax-led disruption may be over, although some remain cautious about margin recovery, pricing and the impact of illicit cigarette competition
ITC shares gain 3% after Q1 results. Here’s why Nomura upgraded the stock to Buy
ITC share Price: ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit. Revenue grew 28%, while Nomura upgraded the stock to Buy, citing an attractive risk-reward profile and potential recovery in cigarette profitability. ITC also warned that imported inflation, a weak monsoon, lower kharif sowing and West Asia tensions could pose near-term risks.
ITC Q1 Preview: Will cigarette tax shock drag profit lower despite FMCG strength?
ITC is expected to report a weak Q1FY27 as the first full-quarter impact of the new cigarette tax regime weighs on volumes and profitability. While the FMCG business is likely to deliver healthy growth, brokerages expect pressure from cigarettes and the agri segment to drag overall revenue, EBITDA and profit.
GST at 40%: Cigarettes turn into India’s costliest status marker
Smoking is now a sign of wealth in India. Higher taxes make cigarettes expensive. This makes lighting up a cigarette a display of disposable income. The habit is becoming an elite club. Forbes may soon list top smokers by net burn rate. Wealth is now measured in cigarette cartons.
Cigarette prices jump up to ₹55 per pack as new excise duty kicks in. Check what gets costlier and by how much
Cigarette prices have surged by at least ₹22-25 per pack following a new excise duty. Premium cigarettes will see an increase of ₹50-55 per pack. Distributors are billing existing stock at the new 40 percent GST rate. Revised MRPs are expected by month-end. This hike could encourage smuggling and impact honest retailers.
ITC slides to three-year low as tobacco excise hike prompts brokerage downgrades
ITC shares plummeted to a three-year low following a government excise duty hike on tobacco products. Brokerages downgraded the stock, citing fears of dampened cigarette demand and significant impact on profitability. Investors are advised to wait for clarity on price hikes and volume trends before considering buying.
Smoking will burn a bigger hole in your pocket now as govt imposes new excise duty on tobacco
Cigarette prices in India are set to rise by up to 20% from February due to a sharp increase in excise duty, hitting premium large sticks the hardest. Entry-level cigarettes priced at ₹10-₹20 may disappear, affecting sales volumes for the next two to three quarters. The Tobacco Institute of India warned the hike would hurt over 40 million farmers, MSMEs, retailers, and local supply chains, while boosting illicit trade.
ITC shares rally over 6% to hit fresh 52-week high. Was the Budget really so good?
For ITC, cigarettes constitute more than 80% of the company’s net profit and about 45% of its topline. Therefore, tinkering in taxes has an impact on the company’s financials.
Budget 2023: ITC recovers sharply even as FM hikes NCCD on cigarettes by 16%
The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cigarettes.
Budget 2020: Smokers to pay more on cigarettes, excise duty hiked on tobacco
Price of cigarettes will go up by 6-7% in case of lower priced packs where the stick size is small and has borne the maximum increase in duties, while for the larger size sticks and premium packs the price hike will be 4-5%.
ITC hikes cigarette prices by 20% to offset rise in tax
ITC, which accounts for every three of four cigarettes sold in the country, has increased prices by 10% in the premium segment, while for the regular cigarette of 69-mm size the price has gone up by around 14-16%. In entry level sub-64 mm small size cigarettes, the hike is between 12% and 20% depending on the brands.
ITC may need 10-15% cigarette price hike
Company’s net profit for the period was up by 29 per cent at Rs 4,141.93 crore beating Street estimates.
Cigarette price hikes key to ITC stock performance: Morgan Stanley
The firm has retained overweight rating on the stock with a target price of Rs 320.
Cigarette prices set to go up by 9% on higher cess
This would be the sixth straight year of tax increase and price hike for the cigarette industry.
Cigarette prices set to go up by 9% after higher cess
The Tobacco Institute of India said this will put severe pressure on the legal cigarette industry by leading to increased smuggling and illicit trade.
Cigarette industry body wants GST Council to roll back tax increase
The GST Council at its meeting on Monday increased the compensation cess rate on various segments of cigarettes ranging from Rs 485 to Rs 792 per thousand cigarettes.
ITC takes a breather post Budget rally; here's what experts say
Prabhudas Lilladher (PL) believes ITC would need to hike cigarette prices by 7 per cent to neutralise the impact of excise duty hike.
Tobacco stocks surge up to 20% on reports of cigarette price hike
Godfrey Phillips surged 13.08 per cent to Rs 800 after ET Now reported that the company would raise cigarette prices by an average of Rs 12 per pack.
ITC rallies over 2% on reports of price hike
ITC Ltd surged over 2 per cent in intraday trade on reports that the diversified conglomerate has hiked prices of cigarettes by up to 20%.
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