itc cigarette price hike ITC, Godfrey Phillips shares in focus after hikes in pocket packs Today Shares of cigarette manufacturers,

Today Shares of cigarette manufacturers, including ITC and Godfrey Phillips India, have witnessed a major spike after reports of price hikes. The surge comes as the companies look to offset the impact ITC & Godfrey Phillips Alert 20% Volume Drop In Cigarettes After Steep Excise Duty Hike Exclusive If buying a pack of #cigarettes has suddenly started to feel noticeably heavier on the pocket, it is not just perception. A fresh round of excise duty changes that came into force ITC's shares dipped sharply after analysts flagged that the new excise duty on cigarettes could squeeze margins unless the company hikes retail prices by around 15% or more. Cigarette businesses are sensitive ITC's Cigarette Price Hikes Cushion A New Tax Hit Finimize

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