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Why India's top cigarette makers are seeing revenue, profit decline

Why India's top cigarette makers are seeing revenue, profit decline

NewsBytes 3 weeks ago
India's top cigarette manufacturers, including ITC, Godfrey Phillips India, and VST Industries, have reported a drop in their net revenue and profitability for the April-June quarter.
The decline comes after the government imposed major tax hikes on cigarettes. The three companies together account for 90% of India's domestic cigarette market share with an estimated annual volume of over 100-120 billion sticks.
NewsBytes

NewsBytes

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