Excise Duty On Cigarettes

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New excise bill may lift cigarette prices slightly but analysts see muted impact

The Centre’s tax overhaul — higher excise and new cesses — may nudge cigarette prices up after the GST cess ends, but analysts expect listed tobacco majors to absorb the change easily by passing on small price hikes.
Budget Reactions: Excise hike to hit ITC earnings, StanChart sees 1.5% dip

Sanjay Singh, associate director at Standard Chartered Securities India Ltd, tells CNBC-TV18 that ITC could see earning fall by 1.5% in the coming year due to the 18% hike in excise duty.

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Excise Duty On Cigarettes

New excise bill may lift cigarette prices slightly but analysts see muted impact

Budget Reactions: Excise hike to hit ITC earnings, StanChart sees 1.5% dip