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 performanceDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
