ITC Q2 Profit Up 4% On Cigarette Sales
ITC Q2 profit rises 4% to Rs 5,180 crore on higher cigarette and FMCG sales; revenue up 7% YoY as margins expand.
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Karnataka Raises Minimum Age For Cigarettes To 21, Bans Hookah Bars In State
- by BW Retail World Bureau
- February 22, 2024
The Karnataka government presented the Cigarettes and Other Tobacco Products Bill, 2024 which increased the age limit for the sale of cigarettes from 18 years to 21 years. The Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Manufacture, Supply and Distribution) (Karnataka Amendment) Bill was passed in the Assembly […]
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ITC Q3 Profit Rises 6.5%, FMCG Drives Growth
- by BW Retail World Bureau
- January 30, 2024
ITC on Monday reported a 6.51 per cent increase in consolidated net profit to Rs 5,400.51 crore for the December 2023 quarter due to a resilient performance by the FMCG vertical compared to a consolidated net profit of Rs 5,070.09 crore in the October-December period a year ago, according to the regulatory filing. Its gross revenue […]
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Godfrey Q3 Profit Up 6.6%, Revenue Jumps 34%: Core Cigarettes Drive Expansion
- by BW Retail World Bureau
- January 30, 2024
Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses. The company reported a consolidated net profit of Rs 212 crore for the quarter ended 31 December, up 6.6 per cent from last year. Total revenue from operations rose 34 per cent to Rs […]
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Godfrey Phillips Q2 Revenue Up 15.4% To Rs 13.75 Bn
- by BW Retail World Bureau
- November 3, 2023
Cigarette maker Godfrey Phillips India on Friday reported a dip in its quarterly pre-tax profit, contributed by a sharp rise in expenses. The company’s share dropped 9.2 per cent after the results. The company, which manufactures and distributes Marlboro cigarettes under a license agreement with Philip Morris International, stated that profit before tax in the […]
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Budget 2023: Govt Announces 16% Hike On Cigarettes Duty
- by BW Retail World Bureau
- February 1, 2023
Finance Minister Nirmala Sitharaman announced a 16 per cent hike of NCCD on cigarettes on Wednesday. Experts believe that a significant increase in cigarette taxes and stricter legislation will not only get the most out of human capital by improving residents’ health, but will also assist Prime Minister Narendra Modi achieve his aim of a […]