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British American Tobacco set for faster growth as smokeless products gain traction, says Jefferies

Market News
18 Sep 2026
Proactive Investors
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Bullish
British American Tobacco set for faster growth as smokeless products gain traction, says Jefferies

Jefferies forecasts accelerating growth for British American Tobacco (BAT) driven by its smokeless products, especially the nicotine pouch brand Velo, which could lead the US market by 2030. Velo's expansion is expected to more than double US volumes and add £1.3 billion in annual profit. BAT is also advancing in the vaping market with flavored products and maintaining steady cigarette sales. Improved balance sheets and potential for larger buybacks could boost earnings growth beyond the current 5-8% range. BAT will hold a capital markets day on 28-29 September to discuss its outlook.

British American Tobacco's growth outlook is noted here alongside Pluang's Consumer Staples sector data. As of Sep 18, 2026 21:51 WIB, 12 of 43 US Consumer Staples stocks rose while 30 fell. Notable prices include Vital Farms Inc at USD 11.57, Clorox Co at USD 84.08, and Dollar General Corp. at USD 123.63.

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