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Headlines Tagged with ITC 608 headlines found

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India's ITC Sept-qtr profit up about 6 pct

Reuters
added Oct 29, 2017 18:31
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[India] ITC Ltd says hotels performance hurt by highway liquor ban in qtr‍​‍​

Says hotels performance hurt by highway liquor ban in quarter ‍​‍​.Says legal cigarette industry volumes under severe pressure due to sharp increase in tax incidence under GST‍​.Says on FMCG, offtake in retail channel has normalised progressively through
Reuters
added Oct 29, 2017 18:31
5 Views

BRIEF-ITC Ltd says taxation policy not suitable for India

* Says taxation policy of country‍​ largely cigarette-centric, based on western models of tobacco taxation * Taxation policy not suitable for India
Reuters
added Oct 29, 2017 18:30
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[Asia, India] Jefferies has this to say about ITC stock as core business comes under pressure

ITC’s cigarette business remains impacted by regulatory pressures in terms of sharp tax hikes and other anti-tobacco measures, which has led to pressure on volumes and Ebit growth. Other businesses i.e., FMCG, paper, hotels and agri, should see gradual up
Financial Express (in)
added Sep 11, 2017 02:47
15 Views

[Asia, USA] Indian tobacco industry to be hit as USFDA proposes to slash nicotine content in cigarettes

The Indian tobacco giants like ITC Ltd., VST Industries Ltd. and Godfrey Phillips India Ltd. also saw a fall in the share prices. Quoting Sanjay Manyal, equity research analyst at ICICI Securities Ltd., the reports said that if implemented the new regul
Moneycontrol.com / Television Eighteen (in)
added Aug 1, 2017 22:07
10 Views

[Asia, India] ITC's 64 mm budget brand cigarette sales to go up in GST regime

Sales of ITC Ltd’s 64 mm cigarette is likely to go up as people are projected to downgrade purchase of the 69 mm category post the recent 6-7 per cent price hike after GST roll-out. Although analysts project the company is likely to suffer a decline in i
Business Standard (in)
added Aug 1, 2017 22:07
11 Views

[Asia, USA] Indian Cigarette Makers May Feel The Heat As U.S. Proposes Nicotine Cut

U.S. regulator’s policy would be a deterrent for new smokers, said Sanjay Manyal, equity research analyst... However, a policy like this to get implemented may take time and its impact on the Indian tobacco industry can be assessed only after regulation d
Bloomberg News
added Jul 31, 2017 23:23
7 Views

India's ITC Ltd June qtr profit up about 7.4 pct

India's Itc Ltd :June quarter profit 25.61 billion rupees versus profit of 23.85 billion rupees last year.Consensus forecast for June quarter net profit was 25.81 billion rupees.June quarter total income 142.77 billion rupees versus 136.74 billion rupees
Reuters
added Jul 28, 2017 20:20
13 Views

[Asia, India] GST impact on cigarettes: Wills Classic, Gold Flake, Navy Cut prices to increase after hike in cess

A week after the GST Council raised the cess on cigarettes over the peak rate of 28 per cent, ITC increased cigarette prices by 4 to 8 per cent on as many as 25 different pack sizes and variants. Smokers will now have to shell out more for brands like Cla
Business Today (in)
added Jul 26, 2017 22:45
6 Views

[Asia, India] GST impact on cigarettes: ITC stock falls most in 25 years, market cap plunges by Rs 50,000 cr

The stock closed 12.63% down to Rs 284.60 on BSE and ITC lost nearly Rs 50,000 crore in market capitalisation. The share prices of other cigarette manufacturers such as Godfrey Phillips India, which counts Philip Morris International as an investor, fell
Financial Express (in)
added Jul 20, 2017 00:58
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