Itc Q1fy13

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ITC margins to drop 100bps due to excise hike: ICICI Direct

Sanjay Manyal of ICICI Direct sees ITC's margin growth dip around 100 basis points year on year due to the excise duty hike announced in the Budget this year.

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Itc Q1fy13

ITC margins to drop 100bps due to excise hike: ICICI Direct