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ITC Q1 profit seen up 5%, cigarette volume may fall 11-15%

Cigarette volumes may see double digit decline for the fourth consecutive quarter but that decline may moderate from December quarter onwards, feel analysts. They expect cigarette volumes to decline by 11-15 percent in Q2 owing to price hikes against 16 percent fall in Q1FY16, 13 percent in Q4FY15, 14 percent in Q3FY15 and 5 percent in Q2FY15.

first published: Oct 30, 2015 07:19 am

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