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Based on genetic markers of obesity, the study allows us to better understand the complex relationship between obesity and important smoking habits, said Dr

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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