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EQUITY - MARKET SCREENER

ITC Ltd
Industry :  Cigarettes
BSE Code
ISIN Demat
Book Value()
500875
INE154A01025
58.2961433
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
ITC
27.02
538545.14
EPS(TTM)
Face Value()
Div & Yield %
15.93
1
3.19
 

Tobacco makers' shares decline amid reports of GST hike on tobacco products
Feb 20,2025
Godfrey Philips India (down 4.71%), VST Industries (down 3.34%) and ITC (down 1.08%) declined.

Media reports suggest the government may increase the GST on cigarettes and other tobacco products once the compensation cess ends. Currently, these products, classified as 'sin goods,' are taxed at 53% (28% GST plus other levies), short of the WHO's 75% target. A potential strategy is to raise the GST to the 40% limit and add an excise duty. Tobacco products, including cigarettes and pan masala, contribute significantly to government revenue.