itc cigarette price list 2020

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A pack of 10 king-size sticks (length: 84 mm) of India Kings will now cost Rs150, up 11% from Rs135 earlier while similar packs of Classic and Gold Flake Kings, ITC’s two top selling brands, will cost Rs139, up 13% from Rs123 earlier. ITC is one of India's foremost private sector companies with a Gross Sales Value of 76,097.31 crores and Net Profit of 15,136.05 crores (as on 31.03.2020) with presence in FMCG, Hotels, Packaging, Paperboards & Specialty You can also download our Android App or IOS App. About ITC. With ITC hiking prices, it remains to be seen whether rival companies such as Godfrey Phillips and VST Industries too will make cigarettes costlier. Kolkata - 700071, India, Corporate Identity Number: Your session has expired, please login again. You have reached your weekly free article limit. © ITC Limited var d = new Date(); document.write(d.getFullYear()); Policy for determining Material Subsidiaries, Policy for determination of materiality of events and information for disclosure to the Stock Exchanges, Welcomhotels Lanka (Private) Limited, Sri Lanka. Digital Editor. For reprint rights: Cigarette price hikes key to ITC stock performance: Morgan Stanley, ITC shares gain on reports of hike in select cigarette prices, ITC increases cigarette prices by 4-8% as a result of higher tax, Cigarette prices set to go up by 9% on higher cess, Cigarette prices set to go up by 9% after higher cess. NCCD is a duty on the excise. Unlimited access to all content on any device through browser or app. Here’s how. There has been a price increase, an ITC spokesperson told Financial Express Online, without divulging details. ITC, which accounts for every three of four cigarettes sold in the country, has increased prices by 10% in the premium segment, while for the regular cigarette of 69-mm size the price has gone up by around 14-16%. Source: Company and dealers * The company has 'officially' hiked cigarette prices in select brands by 15-20% * Cigarette business contributes around 60 per cent of ITC's top line, say analyst * Today's price hike will keep margins at 31-32% * Another price hike of 4-5% may be on cards * Volume sales to remain flat more or less FMCG major ITC has hiked its cigarette prices days after Finance Minister Nirmala Sitharaman’s Budget proposal to raise excise duty on tobacco and cigarettes. In case you can’t find any email from our side, please check the spam folder. “ITC’s headline one-year forward PE multiple is now less than 12 times — at a discount to Nifty50 and also 50 per cent below its own five-year and ten-year PE (price to earnings) averages. Missouri has the lowest price of cigarettes by state in the US — an average of $4.91 for a pack. We, however, have a request. Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ... Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ... Aequs Aerospace to create space for large-scale manufacture of toys at Koppal. This has resulted in tax hikes in the range of 9-15% thereof. This product is a monthly auto renewal product. Last Updated at February 11, 2020 22:24 IST. ITC is passing on the increased duty to the consumers. To serve larger national priorities, ITC has made societal value creation the core of its business strategy. Customize your preference and get a personalized recommendation of stories based on your interest. industry. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Read more about ITC is first to hike cigarette prices post budget; makes them 10-20% dearer on Business Standard. Access the exclusive Economic Times stories, Editorial and Expert opinion, Sharp Insight-rich, Indepth stories across 20+ sectors, Mirae Asset Emerging Bluechip Fund Direct-Growth, ICICI Prudential Bluechip Fund Direct-Growth, ITC hikes cigarette prices by 20% to offset rise in tax. Diversified conglomerate ITC Ltd has initiated an over 14-15 per cent price hike in its ‘Navy Cut’ and ‘Gold Flake’ brand of cigarettes, trade sources aware of the matter said. We believe in free, fair and credible journalism. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". All the latest publications from ITC are indexed in this section for quick reference. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Exclusive content, features, opinions and comment - hand-picked by our editors, just for you. "Prices of a number of brands have been revised," an ITC spokesperson said. A pack of 10 sticks of Insignia will now cost Rs165, up from Rs150 earlier. "The brand has been launched keeping in mind ITC's objective of delivering superior quality and value to, all its consumers," the company said in an e-mailed response to NewsWire18. While the new stocks with revised prices are yet to hit the market, smokers are already being asked to pay more than the maximum retail price printed on cigarette packs. This follows the increase in National Calamity Contingency Duty (NCCD) announced in … Roy of Edelweiss also said that ITC can “easily" increase the price of 69-74mm cigarettes by another 4% to counter the 6% excise hike proposed in the budget this year. However, the diversified conglomerate had said that its cigarette division during the quarter has reported persistent weakness, especially in rural markets and wholesale channel. Sources had expected price hikes to be “calibrated”, in view of the slowdown. Missouri. Or click on Free Trial to get 14 days free trial. Smoke more, pay more. Meanwhile, ITC’s share is trading at Rs 211.70 On Thursday on the Bombay Stock Exchange, down by 0.63% in intraday trade. ITC's brands reach Here's all about the event, BRICS: Time to expand the New Development Bank membership, COVID-19 vaccine: FM Sitharman announces Rs 900 crore grant for research, PM2.5 levels on Diwali will be lowest in 4 years if no crackers burnt: SAFAR, Nirmala Sitharaman Highlights: Diwali gift for jobseekers, urban poor; employment scheme, housing support and more, New IPO: Sequoia Capital-backed Indigo Paints plans Rs 1,000 cr public issue; files papers with SEBI, HC allows Delhi govt to reserve 80 pc ICU beds for COVID-19 patients in 33 private hospitals, Copyright ©

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