Indian Cigarette Makers ITC, Godfrey Phillips, VST Industries Report Revenue and Profit Decline Post-Tax Hike

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Business

2 August 2026 at 1:41 pm

Indian Cigarette Makers ITC, Godfrey Phillips, VST Industries Report Revenue and Profit Decline Post-Tax Hike

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Summary

Leading Indian cigarette manufacturers, including ITC, Godfrey Phillips India, and VST Industries, reported declines in revenue and profit in the recent quarter following significant government tax increases on tobacco products.

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