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High Taxes On Cigarette May Fuel Illicit Trade, Hurt Tax Collection: Report

High Taxes On Cigarette May Fuel Illicit Trade, Hurt Tax Collection:...

Increased tax will also lead to significant socio-economic impacts," says Artha Arbitrage Consulting report

4 Feb 2026 4:41 PM IST

Tobacco Stocks Fall as India Imposes New Tax on Cigarettes

Tobacco Stocks Fall as India Imposes New Tax on Cigarettes

ITC, maker of Gold Flake and the market leader, dropped 4.4%, while Godfrey Phillips India, the distributor of Marlboro...

1 Jan 2026 11:33 AM IST