Is the cigarette market in India going down? What is the reason?
------ Tune into http://smileinseconds.blogspot.com/ ---------
In India, the figures for sales revenue by the four major companies doesn't indicate any slowdown in sales. It is showing a cumulative growth rate of around 20% over the past one year. ITC, Godrej Phillips India, Golden Tobacco and RDB have shown robust growth of 20%, 17%, 7% and 36% this year.
ITC alone has already notched up 90% of its FY 2008-09 sales of Rs. 7557 crores in cigarette sales in the 3 quarters upto Dec 09 and is likely to come close or touch the 10000 crore mark this year. These figures don't count the other forms of tobacco use in the form of beedis, paan etc in the vast rural areas o ...more