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In Australia, sales of nicotine-containing consumer products (except cigarettes) are illegal without a doctor's prescription, but non-nicotine vapes are allowed, and the age to purchase varies from state to state
However, the brokerage also highlighted: Historically inelastic cigarette demand in India ITCs ability to deploy calibrated price hikes Diversification benefits from FMCG, hotels and agri-business While earnings and sentiment may remain under pressure in the short term, ITCs pricing power and business mix could help stabilise performance over the medium to long term
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In a market full of familiar themes, this gives the Lampert Baba Yaga an identity that is easy to remember
For others, they became a brilliant intersection of classic and modern styling - comfortable, versatile, and perfect for work or play
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