ITC tweaks cigarette portfolio to offset tax impact | Kolkata News
Kolkata: ITC is recalibrating its cigarette portfolio to cushion the impact of higher taxes, chairperson Sanjiv Puri said on Friday, attributing the company’s recent share-price weakness largely to increased taxation on cigarettes.Responding to shareholders at the AGM, Puri said ITC had adopted calibrated price hikes to minimise loss of market share to the illicit trade….
