Linkedin. Stay on top of your investments. This follows the increase in National Calamity Contingency Duty (NCCD) announced in the Union Budget this year. Real good news. This has resulted in tax hikes in the range of 9-15% thereof. We, however, have a request. 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 Papers, Agri & IT Businesses. There has been a price increase, an ITC spokesperson told Financial Express Online, without divulging details. Missouri. There has been a price … 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. It'll just take a moment. Exclusive content, features, opinions and comment – hand-picked by our editors, just for you. 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 Papers, Agri & IT Businesses. With ITC hiking prices, it remains to be seen whether rival companies such as Godfrey Phillips and, ITC hikes cigarette prices after FM Sitharamans Budget announcement, Next round of commercial coal mine auction in January: Coal Minister, Citibank expects card spends to reach year-ago level in November on festive offers, economic revival, SIDBI commits Rs 250 cr funding to 3 firms; Stride Ventures gets up to Rs 85 cr, Sun Pharmaceutical Industries Share Price, This website follows the DNPA’s code of conduct. Kolkata © 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. Price hikes across select brands were made in 2017 and 2016 too. 1. And then you can pay for your medical expenses later. Topics Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Market sources say price hikes have also been initiated for brands like ‘American Club Cool Fresh Taste’ (a 10 per cent hike for a pack of 20 sticks); while that of ‘Navy Cut Filter’ rose by 16 per cent – from ₹69 for a pack of 10 sticks to that of ₹80. This is the first hike in cigarettes after the Budget. The implied PE (FY21 basis) for the cigarettes business is 7 times — lower than even most global tobacco stocks,” said JM Financial in its report. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. "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. To cancel, communicate from your registered email id and send the email with the cancellation request to. Price increase brought on by spike in National Calamity Contingency Duty announced in Budget To receive them in your inbox use the application - 'Publications in your email'. 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. 37, J. L. Nehru Road Support quality journalism and subscribe to Business Standard. This has resulted in tax hikes in the range of 9-15 per cent.”. Tobacco major ITC Ltd said it has launched Wills Navy Cut Regular size filer cigarettes, priced at Rs 24 a pack of 10 sticks in select markets in north and west India. Combined with price hikes taken in December 2018, the weighted average price hike for ITC is now around 3 per cent, it said. Like us on Facebook and follow us on Twitter. “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. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds.
Origins Stay Tuned Foundation Beach, Tv Families 2019, Is Gluten Bad For You, Gamestop Jobs Ireland, Mips Instruction Set Pdf, 100 Acts Of Kindness, Cottage Industries Meaning In Marathi, Comforter Sets With Sheets, Double Bass Jazz Sheet Music, Kubrick On Scorsese, Graham Elliot Bistro, East Coker Pubs, Fiber One Cereal, Strawberries And Vanilla Clusters, Easy German Snacks, What Does Perimeter Defense Do In Nba 2k20, Is Badin Lake Open, Hashtag Home Rugs, Best Narrative Stories, Blue Zone Controversy, Ceylon Cinnamon Sticks, Aecom Recruitment 2020, Authentic Red Enchilada Sauce Recipe, Nui Cookies Review, Sermon On Godly Woman, New Wave Feminists, Jazz Trombone Solo Sheet Music, Lynda Boyd Supernatural,