2 August 2026 at 9:44 pm
Summary
Higher tobacco taxes have negatively impacted the net revenue, volumes, and profit of major cigarette manufacturers like ITC, Godfrey Phillips India, and VST Industries in the first quarter. These companies collectively control over 90% of the domestic cigarette market.
Indian Cigarette Makers ITC, Godfrey Phillips, VST Industries Report Revenue and Profit Decline Post-Tax Hike
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