Its a tiny pipe with big-time benefits
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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

A paper published earlier this year found that taxing vaping products led to large increases in cigarette smoking among youth that may considerably undercut or even outweigh any public health gains. Another study estimated that taxing e-cigarettes at the same rate as combustible cigarettes would deter more than 2.75 million smokers from quitting in the U.S
I feel like most of his music isnt real country. Lately, this album has been one of my favorites to listen to