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NTC Industries (CMP 117, +42%) Brands: Total Gold Prestige Blue Bird Marlboro (some segment under collaboration) Hero Mustang Key Insights: ITC dominates the Indian cigarette market with a huge brand portfolio

Long-Term Savings Potential When evaluating vaping versus smoking, long-term costs often provide the clearest comparison

You might think that by only smoking when youre young, you might be able to avoid the major long term health consequences of smoking

The Powermatic 3 is a motorized injector that pushes loose tobacco into pre-made cigarette tubes in seconds

The price is affected by the current exchange rate, the country of production and the price level in the country where Duty Free is located