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While the four brands make up less than 1% of RJ Reynolds sales volume, according to a research note by Cowen and Company, the FDAs move could have far-reaching effects on the industry

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A similar pattern of price escalation and artificial scarcity has also been observed in the sale of pan masala, gutkha, and other tobacco products," the source added.Tax expert Monish Bhalla said, "The govt has introduced a much stricter and more comprehensive taxation framework for pan masala, tobacco, gutkha, chewing tobacco, zarda scented tobacco, cigarettes and allied products effective from Feb 1, 2026