itc cigarette price hike Hikes Are Very Sharp; Will Be Passed On In A Staggered Manner: Sanjiv Puri, SourcesSay | ET Now Exclusive

SourcesSay ET Now Exclusive : ITC Likely To Hike Cigarette Prices 20 To 40 Percent Sources say ITC could raise cigarette prices across brands as the new tobacco tax regime kicks MarketToday ITC's phased cigarette price hikes: Will the strategy pay off? Share price target http: ow.ly 1y2G106zhPY According to a report by NDTV Profit citing B&K Securities, Godfrey Phillips increased the price of Pocket Marlboro to Rs 85 from Rs 70, while ITC raised the price of Gold Flake ITC's cigarette price hikes may cushion volumes, but hurt margins: Nomura Markets News Business Standard Today Shares of cigarette manufacturers, including ITC and Godfrey Phillips India, have witnessed a major spike after reports of price hikes. The surge comes as the companies look to offset the impact ITC hikes cigarette prices by 20% to offset rise in tax The Economic Times

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