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ITC net up 26%, helped by cigarette price hikes
Beating expectations, ITC , India's largest cigarette maker, posted a 26 per cent rise in net profit, led by a partial impact from an increase in cigarette prices post-Budget and an overall improvement in non-cigarette fast moving consumer goods (FMCG) and agricultural businesses. The conglomerate has been forced to increase cigarette prices by 11 per cent since the Budget in March raised taxes on
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