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

Posted by Simran Shah Posted on 23:33 with 2 comments
News Head Line: ITC hikes prices of all king size cigarettes

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.

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