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ITC - Company Update - 02-01-2026 - Systematix by madhurimanandy4 is a document available to read on EtoBox.

The Indian government has announced significant tax increases on cigarettes, effective February 1, 2026, raising the Basic Excise Duty substantially and increasing the GST rate from 28% to 40%. This change is expected to raise the overall tax burden on cigarettes to 80-85%, prompting ITC to consider price hikes of 25-35% to maintain revenue, which may negatively impact volume growth. Consequently, revenue and EPS estimates for ITC have been revised downwards, and the stock rating is maintained at HOLD with

Author

madhurimanandy4

Language

EN