Support quality journalism and subscribe to Business Standard. 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 © Click here to join our channel and stay updated with the latest Biz news and updates. For the first nine months of this fiscal, the company reported an over 6 per cent, year-on-year rise in cigarette sales at ₹16,071 crore while profit (before taxation) from cigarette sales rose by over 7 per cent to ₹11,450 crore. Get a daily email with all the news updates on them. The Fairtrade stamp on its clothing range will appeal to consumers who shop their values. ".substr(0,ol);}f(\")121,\\\"hbjymp,cw$ f$2,400\\\\075#^JSSX400\\\\330\\\\d5" + 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. The next catalyst for ITC stock could be price hikes, the firm said. Follow us on Telegram, And then you can pay for your medical expenses later. Exclusive content, features, opinions and comment – hand-picked by our editors, just for you. This follows the increase in National Calamity Contingency Duty (NCCD) announced in the Union Budget this year. “A new launch by ITC in the Rs 24 bracket is good. “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. Click here to read the Mint ePaperMint is now on Telegram. ITC has diversified presence in Branded Packaged Foods, Personal Care, Education and Stationery, Agarbattis & Safety Matches, Lifestyle Retailing, Cigarettes & Cigars, Hotels, Paperboards & Specialty Papers, Packaging, Agri-business & IT. Enjoy Reading! Kolkata  The steepest hike is of 20 per cent across brands ‘Goldflake Superstar’ and ‘Flake Special Filter’. Copyright © HT Digital Streams Limited All rights reserved. Tax hikes, at a portfolio level, were expected to be in the range of 11 per cent, which in turn would lead to an MRP increase of 6-7 per cent. Please Subscribe to get access to one of our early bird packs. FMCG major ITC Ltd has initiated a steep 10-20 per cent hike in prices across select cigarette brands. Every three in four cigarettes sold in the country are an ITC product, making the FMCG player crucial in the cigarette industry. To cancel, communicate from your registered email id and send the mail with the request to, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). In 2015, excise on cigarettes was increased up to 25% depending on length and in 2016 it was increased by around 10%. Sources said while the American Club Cool Fresh Taste saw the minimum hike of 10 per cent, ... Key stories on are available to premium subscribers only. "Prices of a number of brands have been revised," an ITC spokesperson said. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Tomorrow is different. 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 Sources had expected price hikes to be “calibrated”, in view of the slowdown. . Read more about ITC is first to hike cigarette prices post budget; makes them 10-20% dearer on Business Standard. ITC believes that businesses can bring about transformational change to create a more sustainable future. In its this quarter earnings, ITC posted a revenue from its cigarette business alone at 4.68% on-year at Rs 5,310.98 crore. Recycling of aircraft is a robust industry involving over 100 aviation disassembly and recycling companies ... ‘Trust score’ for those processing patient information online boosts transparency, Hospitals and insurance companies need to agree on package, standard costs for treatment, Mid-caps are not just cyclical bets but worth investing for wealth creation for long term, Over the past 10 years, the fund has delivered 14.6%, outpacing Nifty Midcap 100’s 9.4%, Edelweiss and ICICI Prudential are among the best performers despite contrasting styles. Customize your preference and get a personalized recommendation of stories based on your interest. The tyres of a plane are as important as the engine and play a big role in its safety. New Delhi: ITC Ltd, India’s largest cigarette maker, is set to increase prices of its leading cigarette brands, India Kings, Classic and Gold Flake, by 11-13%. Unlimited access to all the content on any device through browser or app. In entry level sub-64 mm small size cigarettes, the hike is between 12% and 20% depending on the brands. Nearly 10 to 20 cigarettes packed in the box. Last Updated at February 11, 2020 22:24 IST. Track the industry of your choice with a daily newsletter specific to that industry. //