Cigarette volume declined ~7% y-o-y in Q3FY21 (our view) — impacted by (i) price hikes (during H1CY20); (ii) urban markets are yet to return to normalcy (for the category consumption). Focus on ...
ITC has been successful in gaining market share in the Indian cigarette market in part due to its ability to compete with illegal and organised players in the industry. ITC has been successful in ...
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