golden tobacco ltd share price Gold Flake Then vs Now A pack of Gold Flake (20 cigarettes): 2005 → ₹59 2026 → ₹480 That's 8× in about 20 years. Taxes, regulation, and pricing power pushed cigarette Golden Tobacco Ltd in Vile

The company has been operating with an average EBITDA margin of 2.45% in the last 5 years and average net margin of 1.56%

ISSN 0028-4793

Data Availability Statement No data were generated or analysed for or in support of this paper.

Instrument choice Option 1: Baseline scenario (no further restriction on the nicotine concentration) This option would maintain the existing legislative regime with respect to regulating the concentration of nicotine

Health Canada has taken action to help address the rise in youth vaping through the Vaping Products Promotion Regulations (VPPR) and the Vaping Products Labelling and Packaging Regulations (VPLPR)

The RRP at launch will remain the same, ensuring current robust margins are maintained whilst providing further value for the roll-your-own consumer