Budget 2020: Higher Tax To Hurt ITC’s Cigarette Sales
Stacks of cigarettes stand at the Philip Morris International (PMI) Coltabaco SAS production facility in Medellin, Colombia. (Photographer: Nicolo Filippo Rosso/Bloomberg)

Budget 2020: Higher Tax To Hurt ITC’s Cigarette Sales

Higher excise duty will force cigarette makers like ITC Ltd. to increase prices, hurting their volumes.Finance Minister Nirmala Sitharaman in her budget for 2020-21 increased the National Calamity ...
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