ITC to hike cigarette prices of selective brands: Sources

There is bad news for all smokers. CNBC-TV18's Tanvi Shukla learns that cigarette maker ITC is all set to hike prices of a few of its brands. While the prices of 'Classic' will be increased by only 10%, other brands may see a bigger hike in rates.

August 01, 2011 / 22:45 IST

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There is bad news for all smokers. CNBC-TV18's Tanvi Shukla learns that cigarette maker ITC is all set to hike prices of a few of its brands. While the prices of 'Classic' will be increased by only 10%, other brands may see a bigger hike in rates.

This increase may be on the back of hike in value-added tax, especially in Tamil Nadu.

Sources inform that the stock (sporting the higher price) will hit the market this week.

Also Read: ITC still flavour of the market post strong Q1 performance

first published: Aug 1, 2011 05:52 pm

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