ITC Ltd.

ITC has hiked prices of its Gold Flake cigarette brand by over 7%. After this revision the price of Gold Flake Filter pack consisting of 10 cigarettes will be Rs 59 against Rs 55 earlier. Likewise, Gold Flake Premium Filter cigarette will cost Rs 58, up from Rs 55 earlier.

Diversified group’s cigarettes business grew by 11.48% to Rs 3,623.23 crore during the fourth quarter ended March 31, 2013, compared to Rs 3,249.88 crore in the same period of previous fiscal. It manufactures cigarettes at manufacturing plants located in Bengaluru, Munger, Saharanpur, Kolkata and Pune.