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Office workforce return and stable taxes are expected to boost cigarette demand by 7-9% this fiscal year, following an 18% rebound in sales last year

Office workforce return to sparks 7-9% surge in cigarette demand: Report

Office workforce return and stable taxes are expected to boost cigarette demand by 7-9% this fiscal year, following an 18% rebound in sales last year

A recent report suggests that the resurgence of office-based workforces, combined with a stable tax environment, is poised to drive an estimated 7-9% increase in cigarette demand for the current fiscal year.
The report, authored by Crisil Ratings, revealed that cigarette sales experienced a notable 18% rebound in the previous fiscal year following a dip in demand due to the pandemic's impact in the preceding two financial years.
Looking ahead, the report anticipates that volume growth will approach the long-term average of 5%. The rating agency also noted that despite input cost pressures in FY24, cigarette manufacturers are expected to maintain robust profitability by focusing on premium cigarette offerings and implementing price hikes in select product categories.
The report, based on an analysis of cigarette manufacturers responsible for over 90% of the organized segment's sales volume, underscores the significance of healthy balance sheets in supporting credit profiles.
Anand Kulkarni, a Director at Crisil Ratings, highlighted the role of physical office occupancy in driving cigarette sales, with expectations of a rise from 40% in the previous fiscal year to 65-70% in the current fiscal year. Kulkarni also emphasized the importance of a stable tax regime in bolstering demand.
The report acknowledged that increased levies, including excise duty and goods and services tax, had previously dampened organized cigarette sales between FY13 and FY18. However, the recent 16% increase in the national calamity contingent duty on cigarettes in the FY24 Union Budget is expected to have only a marginal impact of 1-2% on the industry. Manufacturers have managed this impact by implementing limited price hikes of 3-5% in mid-premium and premium categories.
Cigarette manufacturers have faced cost pressures due to rising tobacco prices, which constitute 50-55% of manufacturing costs. These costs have seen a compound annual growth of 20-25% over the past three fiscal years and are projected to continue increasing in FY24.
Rucha Narkar, an associate director at Crisil, noted that while rising input costs may slightly affect profitability by 50-100 basis points this fiscal year, operating margins are anticipated to remain around 65%. Moderate price increases and a focus on premiumization will help safeguard these margins. Overall, credit profiles are expected to remain resilient, supported by minimal debt and robust liquidity of approximately ₹22,000 crore as of March 2023.

All you need to know about SmokeMon; a smart necklace that can track every puff you smoke. 

SmokeMon: This smart necklace may help you stop smoking; find out how

This smart necklace may help you stop smoking; find out how

All you need to know about SmokeMon; a smart necklace that can track every puff you smoke.&nbsp;

Northwestern Medicine researchers have developed a smart necklace that can track your every puff and may help you quit smoking.&nbsp;
Called SmokeMon, the necklace is said to be incorporated with thermal sensors that continuously track the heat of a lit cigarette.&nbsp;
The smart device also maintains a smoker&rsquo;s privacy by only tracking heat and not visuals.&nbsp;
As per researchers, the necklace will not only help people stop smoking but will also prevent them from relapsing after they quit.&nbsp;
Also watch: <a href="https://www.editorji.com/lifestyle-news/health/don-t-smoke-your-teens-away-marijuana-may-be-the-devil-in-disguise-1634275920663">Don't smoke your teens away: Marijuana may be the devil in disguise</a>

A new study reveals the concerning impact of vaping on the heart.

Study suggests e-cigarettes can cause cardiac arrhythmia

Stop vaping! Study reveals E-cigarettes can cause major heart problems

A new study reveals the concerning impact of vaping on the heart.

To many, especially youngsters, vaping seems to be a cooler and more convenient option these days. However, new research suggests it's as bad as smoking cigarettes.&nbsp;
According to a recent study published in Nature Communications, e-cigarettes can cause cardiac troubles.&nbsp;
During the research, the team tested the impact of e-cigarettes which are made from nicotine, vegetable glycerin and nicotine-free propylene glycol.&nbsp;
They found that vapes (e-liquids) contain specific chemicals in flavours that can provoke cardiac arrhythmias and may increase the risk of A-Fib and cardiac arrest.&nbsp;
So, have real fruit instead of Grape Ice and Very Berry (IYKYK).
Also watch: <a href="https://www.editorji.com/story/e-cigarettes-increase-risk-of-lung-disease-by-30-1576560655788">E-cigarettes increase risk of lung disease by 30%</a>&nbsp;

No smoking day is observed to spread awareness and educate people about the adverse impacts of tobacco on their health.

No smoking day 2022: ‘Quitting smoking doesn’t have to be stressful’

This year, No Smoking Day is being celebrated on March 9. 

This year, No smoking day is being celebrated on March 9
Theme 2022: quitting smoking doesn&rsquo;t have to be stressful
Both passive &amp; active smoking can lead to respiratory &amp; CVD problems
Quitting smoking can help in healing one's heart &amp; lungs health

No smoking day is observed to spread awareness and educate people about the adverse impacts of tobacco on their health.

The second Wednesday in the month of March is celebrated as No Smoking Day across the world. This year, it is being celebrated on March 9.&nbsp;
<a href="https://www.editorji.com/story/smoking-linked-to-higher-risk-of-covid-19-symptoms-study-1610020882217">Also watch:&nbsp;Smoking linked to higher risk of Covid-19 symptoms: study</a>
The day is observed to spread awareness about the impact of first hand and second-hand smoking in the lives of people.&nbsp;This year&rsquo;s theme for No smoking day is &lsquo;quitting smoking doesn&rsquo;t have to be stressful.&rsquo;
Both passive and active smoking can lead to many serious respiratory diseases and cardiovascular problems. However, quitting smoking can gradually help in healing one's heart and lungs health.&nbsp;
Also watch:&nbsp;<a href="https://www.editorji.com/lifestyle-news/health/ready-to-kick-the-habit-who-launches-quit-tobacco-app-for-smokers-1645768613036">Ready to kick the habit? WHO launches &lsquo;Quit Tobacco App&rsquo; for smokers</a>

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