Will ITC Share Price Fall Further? Big Cigarette Tax & Price Hike Shock Explained 2026

ITC just crashed after a sharp cigarette tax hike in India—but will ITC share price fall further or is most of the bad news already priced in? ​ In this video, get a clear, data‑driven breakdown of how the new cigarette excise duty and price hikes may impact ITC’s earnings, valuations and future returns. What you’ll learn: What changed in cigarette taxes: new excise slab of ₹2,050–₹8,500 per 1,000 sticks from 1 February 2026, plus 40% GST, and how this forces cigarette price hikes. ​ How much ITC may need to raise cigarette prices (15–40% on some SKUs; ₹2–3 per stick in popular 75–85mm segments) and why brokerages are cutting targets. ​ Why ITC stock fell 10%+ in two sessions, wiping out over ₹60,000–72,000 crore in market cap, and how many brokerages have downgraded the stock. ​ Bull vs bear case: inelastic demand, ITC’s FMCG/hotel diversification vs risk of illicit cigarettes and slower volume growth in the core business. ​ Key levels and time frames long‑term investors should watch instead of panic reacting to a single tax event. This video is for viewers searching “Will ITC share price fall further?”, “ITC share price target 2026”, “cigarette price hike India 2026”, “ITC cigarette tax news”, and long‑term investors tracking tobacco, FMCG and sin‑tax policy in India. will itc share price fall further, itc share price fall reason, itc share crash today, itc share price target 2026, itc cigarette tax hike news, cigarette price hike india 2026, new cigarette excise duty india, tobacco tax india 2026, why itc share is falling today, itc stock downgrade brokerages, should i buy itc share now, itc long term investment 2026, fmcg vs cigarette business itc, impact of gst and excise on cigarettes, cigarette prices to rise from feb 1, illicit cigarette market india, sin tax policy india, indian stock market news today, stock market education india, finance news india 2026