tobacco coloured coat Cinzia Rocca - color overcoat with shirt collar in technical fabric inspired straight silhouette Tobacco Herringbone Merino Wool Jacket

23 France, Lyon @ Epicerie Moderne Nov

Lets look at Q3 FY26 specifically: Cigarette revenue: 1,101 crore (+10.5% YoY) Cigarette volumes: +10.6% YoY EBITDA: 241 crore (+15.4% YoY) EBITDA margin: 23% (up 400 bps from 18.6% last year) Net profit: 60.23 crore (down 55.8% YoY due to one-time charges, but ignore this the operating story is what matters) The operating leverage is kicking in

At that point, he developed a plan to merge his company with the companies of other leaders in the tobacco industryPatrick H

The tobacco industry in India employs around 45.7 million people, including those involved in farming, labour, manufacturing, processing, and export activities