Return of a large number of workforce to offices, coupled with a stable tax regime, is likely to push up cigarette demand by 7-9 per cent this fiscal, according to a report. Cigarette volumes saw an 18 per cent rebound in the last fiscal after the pandemic hit demand in the previous two financial years, the report by Crisil Ratings said on Thursday. Going forward, volume growth is expected to move closer to the long-term average of 5 per cent, the rating agency said in the report. On the other hand, profitability of manufacturers is likely to remain strong despite input cost pressures in FY24 as they focus on premium cigarettes and hike prices in select categories, the report said. Healthy balance sheets will support credit profiles, the report, which is based on an analysis of cigarette manufacturers accounting for over 90 per cent of the organised segment's sales volume, said. Anand Kulkarni, a Director at Crisil Ratings, said physical occupancy at the workplace plays a signific
Brand images and logos must be removed from packages of all tobacco products, including electronic cigarettes and refill containers
The ability to smoke out of homes after the pandemic wanes will be among the factors that will drive up cigarette sales in FY22, a rating agency said on Wednesday
More than a million people in China are killed by smoking-related diseases every year, and the number will double by 2030 if the current smoking trend continues, a report warned on Wednesday. China is the home for the world's largest number of smokers. The country has over 350 million smokers. The report, jointly released by China's National Health Commission (NHC) and the World Health Organisation (WHO) China Office at a press conference, has highlighted China's smoking situation and its negative effects. It pointed out that there are currently more than 300 million cigarette smokers in the country. About 26.6 per cent of Chinese people aged 15 and above are smokers, and of this age group, more than half of men smoke cigarettes, state-run Xinhua news agency reported. The report was released ahead of the 34th World No Tobacco Day, which falls on May 31.
Butt out the cigarette butts with Let's Do It India's "Fugitive" this World Cleanup Day
"Aerobic exercise at moderate to vigorous intensity such walking, jogging, or elliptical for 20 to 30 minutes three to five times a week can improve cardiorespiratory fitness," says Vainshelboim
If things go according to plan, Phillip Morris might be selling the new product through Godfrey Phillips India
The study took a fresh look at a previously dismissed biological mechanism
The death toll of smoking is 15 times higher than for opioids