Duty hike will Impact ITC’s Cigarette Volumes: Sharekhan
PUBLISHED ON: June 23, 2014 | Duration: 6 min, 23 sec
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.
