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#ITC #ExciseDuty #TobaccoIndustry #CapitalMarkets #IndianEquities To view or add a comment, sign in A regulatory shift that could reshape ITCs earnings outlook Proposed excise duty hikes on cigarettes may trigger sharp price increases, pressure volumes, and lead to a valuation reset for the sector

Although indirect estimation may introduce some variability due to differences in litter composition and methodologies, we ensured consistency by only including studies that provided sufficient detail to reliably calculate cigarette butt densities

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