GST On FMCG Goods

FMCG majors expect moderate Q2 growth as GST rate cuts and inventory liquidation affect sales; Marico bucks trend with strong pricing-led performance

This comes at a time when urban consumption is under pressure, as reflected in fast-moving consumer goods (FMCG) companies' October-December quarter results

The company had reported a net profit of Rs 698.3 crore in the year-ago period

Delhi Chief Minister Arvind Kejriwal on Monday demanded the Centre to withdraw the Goods and Services Tax (GST) it has freshly imposed on pre-packed and labelled food items

The State Rice Mill Owners' Association has demanded that the central government reverse its decision and the GST Council take a review of its decision to impose GST on foodgrains

Freebies/extras cannot qualify as 'gifts' because the consideration for them is in-built in the price, Sudipta Bhattacharjee says.

Patanjali, ITC, HUL, Marico have either slashed prices or increased grammage of products