Material: Heather Grey (90% cotton, 10% polyester) Dark Heather (50% cotton, 50% polyester) All Others (100% cotton).It’s a good choice for both men and women. The print on demand t-shirt is designed with a crew neckline, short-sleeves for comfort and taped necks, double-needle sleeve for durability. All rights reserved.Stay classy and unique with custom 100% cotton and pretty thick t-shirt. Send comments to copy was first published on the Cogencis WorkStation IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT The cigarette segment is important to the company as it contributes 43% to the overall topline and 76% to the profit before tax.Īt 1330 IST, shares of the company were 2.3% lower at 183.20 rupees on the National Stock Exchange. The company saw a strong sequential recovery in volumes and revenue with progressive normalisation of market operations in Jul-Sep.

Temporary disruptions in some wholesale markets also impacted sales.

The Kolkata-based company's revenue from its cigarettes business fell to 51.21 bln rupees in Jul-Sep from 53.27 bln rupees a year ago, while the segment's profit declined 15.6% to 32.45 bln rupees, as localised lockdowns affected sales.Ĭertain markets in the South, metros and large towns were relatively more impacted due to disruption in sales operations. ITC declined to comment on the launch of the two new 69-mm cigarettes. ITC's new variants are also expected to compete with the likes of Godfrey Phillip's 'RED&WHITE', 'CAVANDERS', and VST's Charminar brand of cigarettes. The 69-mm category of cigarettes is the largest in the country and accounts for around 42% of overall cigarette sales, as well as around 38% of revenues in the business, according to analysts. 'Gold Flake brand has been losing market share due to its high price of 95 rupees (per 10 sticks) compared to cheaper prices of RED&WHITE, TOTAL, STELLAR and CHARMINAR,' a Mumbai-based fundamental analyst said. Though ITC's Gold Flake brand continues to be the leader in the 69-mm category, its current market share of 30% in the segment is lower than 32% it had in 2019-20 (Apr-Mar), analysts said. Additionally, a large number of smokers seem to be shifting to smaller cigarettes. Cigarette consumption has generally fallen as work-from-home has become the norm for many employers. ITC is expected to launch more variants in the 69-mm category in the coming months due to rising demand in the segment, which has been accelerated by COVID-19-related constraints. VST's 69-mm cigarette 'TOTAL' is sold at 60 rupees/10 sticks, while Godfrey Philips' 'STELLAR' is priced at 58 rupees per 10 sticks. The new launches come after the company lost market share in the Gold Flake and Wills Navy Cut 69-mm category to brands from VST Industries Ltd, Aroma Enterprises (India) Ltd, and Godfrey Phillips India Ltd, which offer cheaper options, trade sources said.

The two variants, Gold Flake Luxury Filter and Gold Flake Indie Mint, have been priced at 140 rupees per 10 sticks and 100 rupees per 10 sticks, respectively, as per stock keeping units reviewed by Cogencis. NEW DELHI/BENGALURU – ITC Ltd has launched two new variants of cigarettes in the 69 mm category under its 'Gold Flake' brand, trade sources said. The move is part of the company's efforts to address a fall in volumes in the segment due to lower-priced offerings from other brands. –New ITC Gold Flake Indie Mint priced 100 rupees/10 sticks –Sources:New ITC Gold Flake Luxury Filter priced 140 rupee/10 sticks

Gold flake cigaret