ITC profits on cigarette charge hike report

ITC profits on cigarette charge hike report

by admin- Tuesday, February 11th, 2020 03:58:45 PM

Shares of ITC rose nearly three% touching to Rs. 217, on reviews that the organisation had hiked costs of cigarettes by 10-12%.

The employer has hiked fees across various lengths of cigarettes by means of 10-12%, as per reviews.

While presenting Union Budget 2020, Finance Minister Nirmala Sitharaman said the government proposed to elevate excise responsibility on tobacco and cigarettes.

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