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News Head Line: ITC hikes prices of all king size cigarettes

Discussion in 'Stock Market News & Analysis' started by Capitalstars King, Oct 16, 2015.

  1. Capitalstars King

    Capitalstars King New Member

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    ITC hikes prices of all king size cigarettes; price hike is in the range of Rs2 for pack of 10 cigarettes and Rs4 for pack of 20 cigarettes; price hike is in wake of recent VAT increase in the state of Uttar Pradesh (to 40% from 25% earlier) and Maharashtra (by 5%) – will continue to dent ITC’s cigarette sales volumes, PBIT margins would be maintained.
     
    #1 Capitalstars King, Oct 16, 2015
    Last edited by a moderator: Oct 16, 2015
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