ITC has exited a painful decade, FMCG business to show improvement in profitability: Morgan Stanley

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Morgan Stanley has said that ITC has exited a painful decade of high cigarette taxes, ESG headwinds, diverging global trends, an underperforming FMCG business, and the loss of foreign flows.

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Morgan Stanley has said that ITC has exited a painful decade of high cigarette taxes, ESG headwinds, diverging global trends, an underperforming FMCG business, and the loss of foreign flows.

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