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Times and technologies have changed since the FCTC came into force
The ratio has shown significant volatility over the period, ranging from 1.0 to 2.8 days
BATs top brands drove 6.57.5bn cash in 2024, funding RRP capex and debt cuts Dunhill, Lucky Strike, Kent, Pall Mall and Rothmans generated ~6.57.5bn cash flow in 2024 (~7585% of combustible EBITDA), funding 1.4bn RRP capex and debt reduction to 22.1bn. Combustible volumes fell ~35% CAGR (201924); margin averages ~4045%. Brand 2024 cash (bn) Market share Margin% Dunhill 1.2 18% premium 45 Lucky Strike 0.9 10%+ 3540
Dealers often mix cocaine powder with other household powders that look like it, such as baby powder, baking soda, or cornstarch, to sell it at more of a profit
Furthermore, the cigarette smoke-induced increase of lymphocytes was not changed after cessation of cigarette smoke exposure