Cigarette Industry

ITC jumps 6% to scale new lifetime high ahead of Q3FY23 results

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

Rise in cigarette taxes, first EU-wide vaping levy on the cards

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 player VST logs 22% sales growth in quarter ended Sept 30

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

After over 50% rise in 2022, is the stupendous rally in ITC fizzling out?

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

Finland new anti-smoking laws aims to curb tobacco appeal on youth

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

Ability to smoke out of home to help cigarette sales in FY22: Report

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

Cigarette maker Philip Morris to buy UK producer of respiratory treatments

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

Godfrey Phillips India third quarter net profit up 8% at Rs 123 cr

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

ITC share price falls 4% after weak December quarter results

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

After Budget newsflow on GST rates, demand hold key for ITC stock

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

Cigarette makers fume as govt proposes changes to anti-smoking law

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

Central government drafts law to raise legal age of smoking to 21 years

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

ITC gains even as Street is divided on tobacco biz dependence, other issues

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

ITC weighs 'alternate structure' for hotels business for value creation

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

Why ITC's Sunrise Foods deal is positive but unlikely to push up valuation

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

Cigarette sales may see steepest dip in 20 years on lockdown, tax rise

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

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

Godfrey Philips ups market share on higher volumes amid tepid demand

Despite market burn, tobacco major posts 13.1% volume growth

Philip Morris in talks with Altria to create $200-billion tobacco group

Analysts and investors have long speculated that the companies would merge

How Big Tobacco, e-cigarette makers are jousting for favourable regulations

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