Cigarettes are: ~40% of sales ~79% of segment profits FY24 (Total - segment results): 78,689 Cr in revenue 24,253 Cr in profit before interest and tax FY24 (Cigarettes - segment results): 30,596 Cr in revenue 19,089 Cr in profits before interest and tax a 62% profit margin
Holman, PhD, former chief of the office of science in the Center for Tobacco Products), and attorney David Dobbins, a former ceo of the anti-smoking American Legacy Foundation, re-named TRUTH, an entity funded by $2.5 billion from the cigarette makers in 1998 as part of a legal settlement with the state attorneys general (Dobbins has been an independent consultant to Altria for nearly a year)
Huang P, Yan R, Zhang X, et al
Well-kept tobacco not only smells better but also burns smoother