ITC and Godfrey Phillips shares surge up to 7% as cigarette prices seen rising 17% in May

Published on 29 April 2026

A possible 17% cigarette price jump could reshape margins

ITC and Godfrey Phillips India shares jumped as much as 7% after a report suggested cigarette prices could rise by up to 17% in May. The expected increase comes on the back of higher excise duties announced earlier this year. Investors cheered signs that companies may keep passing cost hikes to consumers, lifting sentiment despite broader price-pressure risks.

ITC and Godfrey Phillips shares rallied up to 7%
Report points to a possible 17% cigarette price increase in May
Higher excise duties earlier this year likely drive the move
Market mood improved as costs may be passed to consumers

#stock market #itc #godfrey phillips #excise duty #cigarette prices

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ITC and Godfrey Phillips shares surge up to 7% as cigarette prices seen rising 17% in May

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