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Experts characterize the tobacco industry as one of the most unpredictable sectors due to numerous conflicting factors that could influence its trajectory

The company, the maker of Lucky Strike and Dunhill Cigarettes, said it aims to save around Rs 720 crore (60million) a year by 2028 as part of its restructuring plan

BAT had flagged in February that its new productivity drive could lead to job cuts, but the scale of the reductions may surprise investors, Barclays analyst Pallav Mittal said in a note

The company added that it has consolidated its factory network over the past 18 to 24 months as part of a wider review of its manufacturing footprint.

After sieving, the final product is packed in jute bags and is ready for further processing in labs