ITC stock

ITC Share Price Slumps as Excise Duty Hike Hits Major Brands: How Will Consumer Demand, Supply, and Cheaper Alternatives Respond?

ITC Share Price Slumps as Excise Duty Hike Hits Major Brands: How Will Consumer Demand, Supply, and Cheaper Alternatives Respond?

ITC share price falls 24% due to a 40% cigarette excise hike. Premium smokers stay loyal, while cheaper alternatives and…

February 2, 2026