ITC Ltd.

NSE: ITC | BSE: 500875 | ISIN: INE154A01025 |Industry: Cigarettes-Tobacco Products
|Falling Comet

ITC Ltd.    
05 Jul 2018
Buy: ITC Ltd.
Dolat Capital
Legal cigarette industry reeling under pressure The legitimate cigarette industry in India declined steadily since 2010-11 at a CAGR of 4.8% p.a., however, illegal cigarette volumes have grown at about 5% p.a. during the same period, making India the 4th largest illegal cigarette market in the world. This results in ` 130bn revenue loss to the government each year. While legal cigarettes in India contribute 87% of tax revenue, it constitutes only 11% of tobacco consumption. India is studying the Kenyan model of tracking tobacco products to curb illicit trade that leads to loss of tax revenue. The mechanism...
ITC Ltd. has lost -35.48% in the last 6 Months
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