Cigarette

ITC, NTC Ind: Strategies for Cigarette-related stocks after duty hike

ITC stock needs to sustain over Rs 350 to embark a new bull-run

Imperial Brands to focus on top five cigarette markets in turnaround plan

The maker of Kool and Winston cigarettes said it was also "resetting" its next-generation products (NGP) strategy

ITC's better Q4 fails to fully convince the street; stock rises just 1%

While high hopes from non-cigarette FMCG, higher dividend payout and strong free cash flows are positive, multiple headwinds for key cigarette business

Why high cigarette taxes hurt the economy

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

ITC is first to hike cigarette prices post budget; makes them 10-20% dearer

Price increase brought on by spike in National Calamity Contingency Duty announced in Budget

Cigarette maker Godfrey Phillips profit doubles to Rs 118 cr in Q1

The consolidated income of the company during April-June increased to Rs 858.49 crore, from Rs 612.56 crore in the year-ago quarter

Higher tax on cigarettes: Dalal Street may be undervaluing ITC stock

"Buy when everyone is selling" explains one of the principles of Warren Buffett, the world's most celebrated investor, who is known for his "value investing". Fitting this maxim in the Indian context could be ITC, which investors may want to look at.The ITC stock has been a clear underperformer, lagging the S&P BSE Sensex in the past 12 months. Compared to a rise of 27 per cent in the Sensex, ITC is up just about six per cent, because of a negative tax surprise for its key cigarettes business. But, if analysts are to be believed, it may be a good time to accumulate the stock as apart from an expected improvement in business prospects in the next fiscal year, the risk-reward equation is far more favourable.For one, the stark underperformance also means that based on FY19 estimated earnings, ITC's stock valuations are now at 24-25 times, nearly half the 45-46 times of Hindustan Unilever. ITC's trailing 12 months' earnings (ending September 2017) valuation at 31.2 times is also a tad

Cigarette stocks rally as 'sin tax' concerns go up in smoke

> Cigarettes stocks rallied today as concerns on a higher sin tax abated with the government keeping rates unchanged in the goods and services tax (GST). The Centre has capped the tax rate on cigarettes at 290 per cent over a period of next five years backed by expectations that the initial tax rate on this industry will have a neutral impact. ITC Ltd, which commands a 79 per cent market share, rose by over 7.5 per cent to touch Rs. 288.90 on the Bombay Stock Exchange in intra-day trade, close to its lifetime high of Rs 292. The scrip finally closed at Rs 281.20 registering a 4.85 per cent growth. Shares of VST Industries also shot up by 11 per cent in intra-day trade on the bourse to touch Rs. 2929.85 and finally ended at Rs 2839.45, registering an upswing of 7.55 per cent. Shares of Godfrey Phillips also peaked to Rs. 1283.75 in the intra-day trade, finally closing at Rs. 1298.50, an increase of 1.04 per cent. Sector analysts attributed the rise in stocks to the markets' ...

Cigarette sales dip for fourth consecutive year

Illicit trade in cigarettes has risen from 19.2% of total sales in 2014 to 21.3% in 2015

Illegal cigarette trade burning holes of Rs 24 bn in Pakistan's pocket

According to the report, 23.7% of the total cigarettes' trade in Pakistan was illicit and avoids the tax net

Cigarette makers shut shop over graphic warning rule

Cigarette makers stopping production will result in an estimated loss of Rs 350 cr per day

Indian cigarette factories halted over health warning rules

The production halt will cause the industry a loss of Rs 350 crores