ITC firing on all cylinders. Will Q3 earnings come as a shot in the arm?

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ITC firing on all cylinders. Will Q3 earnings come as a shot in the arm?
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Synopsis

Against all expectations, the government kept the cess and taxes on tobacco and cigarettes unchanged. ITC is the market leader in cigarettes with nearly 80 per cent market share.

Agencies
Concerns have been raised over the company being in the ‘sin goods’ business, which keep ESG investors at arm’s length

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