The Economic Times

Cigarette industry bracing for 6-8 pc volume contraction post add'l excise duty levy: Crisil

Indian cigarette companies face a tough year ahead. New taxes and higher GST rates are expected to shrink sales by 6-8 percent next fiscal. Mid to premium brands will see bigger price hikes passed to consumers. Mass segment players may absorb some costs to limit volume loss. Despite margin dips, companies remain financially strong with ample cash reserves.