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The duty drawback claim process can take up to six months or longer depending on the complexity of your entry
However, the brokerage also highlighted: Historically inelastic cigarette demand in India ITCs ability to deploy calibrated price hikes Diversification benefits from FMCG, hotels and agri-business While earnings and sentiment may remain under pressure in the short term, ITCs pricing power and business mix could help stabilise performance over the medium to long term
Interestingly, early onset smokers activated a different part of that brain region compared to later onset smokers, perhaps suggesting a neural change in response to marijuana exposure at an early age
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