'At ITC, we will pass on the full benefits of the GST rationalisation across applicable products,' Sumant said.
While GST 2.0 aims to streamline tax rates, bricks continue to attract dual levy under a special composition scheme, a structure that has remained unchanged since its introduction in 2022.
A flat GST on retail sales price will enhance pricing stability, and lower tax evasion, resulting in a predictable tax environment
The Goods and Services Tax (GST) rate on tobacco products has been hiked to 40 percent, but brokerages believe the move will be neutral or positive for tobacco companies.
A possible taxation shock could create near-term demand headwinds
Significant hike in tobacco tax rates have depressed volumes severely in the past, warned analysts
Tobacco and online gaming stocks will be in focus after reports suggested the Centre’s GST 2.0 plan will tax sin goods at the maximum 40 percent slab.
According to Hotelivate’s Trends and Opportunity Report, demand is expected to grow at a CAGR of 9.7 percent through FY28, whereas supply will grow at a slower pace.
Sharekhan is bullish on ITC has recommended buy rating on the stock with a target price of Rs 505 in its research report dated August 04, 2025.
Motilal Oswal is bullish on ITC recommended buy rating on the stock with a target price of Rs 500 in its research report dated August 02, 2025.
Prabhudas Lilladher is bullish on ITC has recommended buy rating on the stock with a target price of Rs 530 in its research report dated August 01, 2025.
FMCG growth recovery, urban demand, and stable commodity prices to aid growth, profitability
Brokerages remain bullish on ITC despite margin pressures, citing strong cigarette volume growth and improving FMCG performance.
Stocks to Watch, 4 August: Stocks like ABB India, Dilip Buildcon, ITC, Railtel Corporation of India, Hero MotoCorp, Delhivery, MCX, Muthoot Capital Services, Harsha Engineers, Tata Power, and Federal Bank will be in focus on August 4.
The June quarter results of ITC Ltd misses estimates as a Moneycontrol poll of eight brokerages pegged its net profit at Rs 5,000 crore in Q1FY26.
Q1 Results Highlights: Nearly 96 companies are announcing their April-June quarter earnings today.
According to a Moneycontrol poll of eight brokerages, ITC will report a net profit of Rs 5,000 crore in the June quarter, higher by one percent YoY.
A possible taxation shock could create near-term demand headwinds
Stocks to watch, 16 June: Gujarat Themis Biosyn, Godrej Properties, Sun Pharmaceutical Industries, Belrise Industries, Syngene International, Natco Pharma, Vedanta, ITC, Eicher Motors, South Indian Bank, NTPC, Nazara Technologies, Scoda Tubes, Shalby, Jubilant Pharmova, Jubilant Foodworks, and Jubilant Ingrevia will be in focus on June 16.
SNBPL’s portfolio comprises a wide range of over 100 organic products, spanning branded grocery staples, spices and condiments, edible oils, and beverages, among others
BAT may have sold only a 2.5 percent stake in ITC but the fall in its stake below a crucial threshold raises the risk of more sales in coming years
Stocks to watch, 29 May: Stocks like Bharat Rasayan, HeidelbergCement India, Birlasoft,Som Distilleries and Breweries, Natco Pharma, Deepak Nitrite, RITES, Aurobindo Pharma, IndusInd Bank, Steel Authority of India, Avanti Feeds, Insecticides India, Balaji Amines, Cummins India, ITC, ADF Foods, Mishra Dhatu Nigam, and Unified Data Tech Solutions will be in focus on May 29.
About 1,962 shares advanced, 1,831 shares declined, and 151 shares remained unchanged.