Assisting Member States in the preparation, review, and implementation of tobacco control regulations and policies, regardless of whether they are Parties to the FCTC
FY23 interest expenses increased significantly due to (i) limited deleveraging in FY22 (as USD2bn cash was deployed for share buyback in FY22), (ii) BAT declared a 6% DPS growth, increasing dividend payment cash outflow in FY23, and (iii) a high interest rate environment in FY2023 resulting in higher debt interest upon refinancing during FY23
However, the online distribution segment is the fastest-growing, driven by digital-native consumers, regulatory loopholes in certain states, and a desire for discreet purchasing
Market Cap: 5,000+ crore Current Price: 3,500-3,700 P/E Ratio: 18-22 1-Year Return: -10 to -15% Dividend Yield: 5.0-6.0% Key Strengths: The company maintains its market leadership throughout South India while generating stable income streams and providing its investors with one of the highest dividend distributions in the industry
