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There is a visible move towards Premiumization in the Indian liquor industry, with alco-bev revenues forecast to grow 8-10% in FY26, reaching about 5.3 lakh crore

Historically, nicotine has been consumed through smoking tobacco products, such as cigarettes and cigars, but it is also found in other forms, including chewing tobacco, nicotine patches, gum, and more recently, electronic cigarettes (vapes)

Menthol fags are being banned In a separate EU law coming in on Friday, new packs will also have to have extra health warnings on the top

The cash flow forecast A projected cash flow statement for a tobacco farm is used to show how much cash the business is expected to consume or generate in the years to come

As a final note, I still worry about any extension of plain packaging anti-smoking legislation in more territories