Here's what every investor needs to know: The Trigger: New cigarette excise duty of 2,050-8,500 per 1,000 sticks (+ 40% GST) from Feb 1, 2026 The Damage: Stock down 23% from Feb 2025 peak 1.35 lakh crore market cap erased 6 major brokerage downgrades issued The Challenge: Cigarettes = 40% revenue but 80% profits Price hikes of 15-40% needed Volume loss to illicit trade threatens margins The Silver Lining: FMCG business growing 10% YoY 3.94% dividend yield remains attractive Diversified portfolio provides cushion Investment Takeaway: Short-term pain is real, but long-term investors might find value IF management navigates pricing successfully
Those who insist on their smoking habits and rituals need to be given a real alternative, says researcher
The announcement states that marketing authorization will be reversed if the company directs advertising to younger audiences there is evidence of "significant" new use by teens or by people who did not previously smoke cigarettes R.J
doi:10.1016/S0140-6736(21)02796-3
Smoke-free products, such as IQOS, produce far less waste than traditional cigarettes
He stated, He actually finds it pretty offensive, to be photographed
