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ITC Shares Fall 4% as Cigarette Excise Duty Hike Erases Rs. 70,000 Cr Market Value ITC Ltd. has sharply raised cigarette prices across some categories, negating the impact of excise duty on its operating income, according to on ground study by analysts at B&K Securities and InCred. [ Did you know more than 40% of ITC's revenue comes from selling cigarettes and tobacco products? The brand that started by selling only tobacco products pre independence has now diversified into industries ITC directors get relief in Classic' suit ITC directors get relief in Classic' suit British American Tobacco sells 12,100 crore ITC stake Raja Pillai posted on the topic LinkedIn

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