business

ITC Q4 net seen up 10%, cigarette volumes may fall 9-10%

Analysts polled by CNBC-TV18 expect volume growth to continue to remain muted in Q4 impacted by four consecutive years of excise duty hikes and corresponding price hikes of 15 percent taken post Union Budget. Cigarette volumes are expected to decline by 9-10 percent, similar to what was seen in last quarter.

first published: May 21, 2015 05:23 pm