ITC has increased price of its Gold Flake sleek line kings cigarette by 9.1%. Following price hike, the Gold Flake sleek line kings 16-stick pack now costs Rs 120.
Earlier this year, the company had increased cigarette prices by up to 20 per cent, after the government had raised the excise duty on cigarettes in Budget 2013-14.
ITC, a diversified conglomerate has business interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
