Cigarette Industry

Brokerages believe that the proposed tax hike on cigarette in the Union Budget 2023 is not very high and would be easily passed on through small price increases

The changes to legislation, part of a push by Brussels to cut smoking rates, will increase the EU's minimum excise duty on cigarettes from 1.80 euros to 3.60 euros per pack of 20

Tobacco and cigarette manufacturer VST Industries registered a 22 per cent growth in sales and logged 15.4 per cent growth in net profit in the quarter ended September 30, 2022

However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then

Brand images and logos must be removed from packages of all tobacco products, including electronic cigarettes and refill containers

The ability to smoke out of homes after the pandemic wanes will be among the factors that will drive up cigarette sales in FY22, a rating agency said on Wednesday

Vectura withdraws support for Carlyle deal; Philip Morris is offering 150 pence in cash for every Vectura share

Cigarette maker Godfrey Phillips India Ltd on Saturday reported an 8.09 per cent increase in its consolidated net profit

The stock had run up as much as 40% since November

Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged

India has over the years introduced tobacco controls and launched campaigns to deter its use, but enforcement of the law has been a challenge

The Centre has prepared a bill to raise the age for allowing sale of cigarettes and tobacco products to 21 years from the current 18 years

Brokerage upgrades led to a six per cent rise in the stock since the start of the month

Puri also said that there were many smaller pieces in the portfolio that required support from institutional strengths, and that's why they structured the way they were

While the deal offers distribution and sourcing synergies, pressure on dominant cigarette business remains

The sector witnessed the last steepest decline in 2015 when sales volume contracted by 8.2 per cent

Loss of jobs due to increase in smuggling and counterfeiting is not on the radar of policy makers

Despite market burn, tobacco major posts 13.1% volume growth

Analysts and investors have long speculated that the companies would merge

At stake is a 110 billion per annum sticks cigarette market with 11.3% of world's cigarette smokers in India