Largest Tobacco Companies: Revenue

Share on facebook
Share on twitter
Share on email
Share on whatsapp
Share on linkedin

Methodology

Publicly traded companies outside China. Fully or predominantly tobacco/nicotine business. Tobacco/nicotine distributors & retailers are excluded. Publicly traded affiliates of PMI and BAT (i.e. majority stake ownership) are excluded*. Publicly traded companies, in which PMI and BAT hold a minority stake, are included**. Ranked by last reported fiscal year revenue (FY22: ended 31 Dec 2022, unless specified otherwise). Adjusted revenue, net of excise taxes (in US$ Bn).

Notes:

(1) Tobacco segment revenue only, for Japan Tobacco, ITC and KT&G

(2) Excluding distribution revenue (Logista) for Imperial Brands

(3) FY22: ended 30 June 2022 for Eastern Company and Inspire Technology

(4) FY22: ended 30 Sept 2022 for Imperial Brands

(5) FY22: ended 31 Oct 2022 for Kaival Brands

(6) FY23: ended 31 March 2023 for ITC, Universal, Godfrey Phillips and VST Industries

(7) Both Smoore and RLX are based in China. However, they are HKG- and NYSE-listed, respectively

* BAT affiliates (Bentoel Group, Ceylon Tobacco Company, West Indian Tobacco, Pakistan Tobacco Company, BAT Kenya, BAT Malaysia, BAT Bangladesh) and PMI affiliates (Sampoerna, Philip Morris CR – Czechia) are not included in the ranking

** Minority ownership: BAT owns 29.2% stake in ITC and 32.2% stake in VST Industries. PMI owns 25.1% stake in Godfrey Phillips

Call Request:
Reports

We will reach out to you within 24 hours to discuss your request. Please note that we only respond to requests with a valid business e-mail address
Disclaimer: The content in our Market Pulse section is/shall not be construed as investment advice. It is for informative purposes only and does not take into account the individual needs, investment objectives and specific financial circumstances. Any action taken upon the information in our Market Pulse section is strictly at the reader’s own risk. We assume no responsibility or liability for the actions taken. Moreover, we also assume no responsibility or liability for any errors or omissions in our content – which is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness even if we only depend on the infromation sources that are believed to be accurate.

Consultation
Session Request

We will reach out to you within 24 hours to discuss your request. Please note that we only respond to requests with a valid business e-mail address