itc cigarette price hike 📈📉 #MarketToday ITC's shares dipped sharply after

ITC's shares dipped sharply after analysts flagged that the new excise duty on cigarettes could squeeze margins unless the company hikes retail prices by around 15% or more. Cigarette businesses are sensitive itc cigarette price hike Cigarette stocks rose up to 6.5% on April 29 as a report Big relief for cigarette majors ITC and Godfrey Phillips , Organized players have implemented steep price hikes across segments, helping offset the excise duty impact. As a result, FY27 EBIT ITC, Godfrey Phillips, other cigarette stocks jump up to 13% amid reports of price hike The Economic Times ITC price target slashed 26% on likely cigarette price hikes The Times of India

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