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Cigarette taxes vary dramatically from state to state, creating a patchwork of prices that can differ by as much as $10 per pack

Applicable from 1 Feb 2026 To view or add a comment, sign in Day: 5/100 Alcohol Industry in India: Contribution to GDP & State Revenues: Alcohol is the one of the most regulated yet indispensable industries in India due to Alcohol contributes ~10-25% of own tax revenue for many Indian states Revenue sources include: - Excise duty - VAT / State GST - License and Renewal fees Alcohol contributes directly through manufacturing, distribution and employment Indirectly through logistics, packaging, retail and hospitality Excise duty levied at production and state control over wholesale / retail pricing Licensing fees for manufacturers, distributors and retailers Volume growth and price hikes directly boost state revenues For alcohol companies, the government is both the biggest partner and the biggest risk Alcohol comes with a health and social costs this is the biggest risk for the companies in terms of regulation and policy intervention To view or add a comment, sign in Cigarettes got costlier, and tobacco stocks like ITC Limited and Godfrey Phillips India Limited felt the immediate market impact