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Higher tobacco taxes weigh on cigarette makers’ Q1 performance
ITC, Godfrey Phillips India, and VST Industries reported declines in net revenue, volumes and profitability
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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.
