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GST rate cuts: FMCG sector set for big boost; Britannia, HUL, Nestle to gain - The Times of India
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GST rate cuts: FMCG sector set for big boost; Britannia, HUL, Nestle to gain - The Times of India
A Nuvama report anticipates a significant boost for the FMCG sector due to recent GST rate rationalization, potentially lowering consumer prices and improving company margins. Key categories like biscuits and toothpaste now fall under the 5% tax slab, benefiting companies such as HUL and Britannia.
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