Here's what every investor needs to know: The Trigger: New cigarette excise duty of 2,050-8,500 per 1,000 sticks (+ 40% GST) from Feb 1, 2026 The Damage: Stock down 23% from Feb 2025 peak 1.35 lakh crore market cap erased 6 major brokerage downgrades issued The Challenge: Cigarettes = 40% revenue but 80% profits Price hikes of 15-40% needed Volume loss to illicit trade threatens margins The Silver Lining: FMCG business growing 10% YoY 3.94% dividend yield remains attractive Diversified portfolio provides cushion Investment Takeaway: Short-term pain is real, but long-term investors might find value IF management navigates pricing successfully
But as you switch to vaping over smoking, youll gradually taper down the amount of nicotine you need, and find that a 6mg bottle will still last two days or longer, even though youre getting much less nicotine
Ask your doctor about smoking cessation programs and providers who offer counseling, which in combination with medication is more effective than either one alone
This ensures a no-spill design and a consistent, high-quality vaping experience with each new pod
But when you take ALL the smokers collectively in a given area or across the ENTIRE country, the impact is no longer small
Dewdropper- Young man who does not work, and sleeps all day
