Godfrey Phillips India and ITC raise cigarette prices, shares rise
NewsBytes | May 19, 2026 2:39 PM CST
Excise duties ₹2,050-₹8,500 per 1,000 cigarettes
After the price changes, Godfrey Phillips shares climbed 1.41% to ₹2,347 on Tuesday, May 19, 2026, at around 10:30am
ITC's stock also went up nearly 1%, reaching ₹312.
The new excise duty structure kicked in on February 1, 2026: taxes range from ₹2,050 to ₹8,500 per thousand cigarettes depending on type.
With GST now as high as 40%, companies have already raised prices twice this year to keep pace with rising costs.
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