Monday, 03 August 2026 · World
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EUROS The World Financial Report
Nº 23 Monday, 03 August 2026 · World Edition
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Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings

Markets-Economic Times · 1h ago · 🇮🇳 India
Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings

Godfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cigarette sector. Analysts believe the worst of the tax-led disruption may be over, although some remain cautious about margin recovery, pricing and the impact of illicit cigarette competition

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