Profit

Duty hike will Impact ITC’s Cigarette Volumes: Sharekhan

PUBLISHED ON: June 23, 2014 | Duration: 6 min, 23 sec

  
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Kaustubh Pawaskar, FMCG analyst at Sharekhan says a steep hike in excise duty will put pressure on cigarette volumes and impact the profitability of tobacco companies like ITC, Godfrey Philips and VST Industries.
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