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Indian cigarette makers ITC, Godfrey Phillips, VST Industries see revenue and profit decline after tax hike
Leading Indian cigarette firms reported revenue and profit declines in the recent quarter. This downturn followed significant government tax increases on tobacco products. ITC, Godfrey Phillips India, and VST Industries experienced reduced sales volumes. Companies adjusted pricing strategies to mitigate the impact of the new tax regime. The revised tax structure has placed considerable pressure on the industry.
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economictimes.indiatimes.com
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…
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thehindubusinessline.com
ITC profit falls as cigarette tax hike weighs
ITC's quarterly profit drops 27% to ₹3,579 crore due to cigarette tax hikes impacting margins and demand.
