 "Rakesh Kapoor, CEO, Reckitt Benckiser")
Reckitt Benckiser, best known for making brands such as Dettol, Lizol and Harpic, on Wednesday said its India operations suffered loss of sales on account of the goods and services tax (GST) introduced in July.
The British consumer goods maker is the second firm after Colgate-Palmolive to indicate the indirect tax has hit local operations.
On Monday, Colgate-Palmolive India said reported net sales in the September quarter declined 10 per cent due to changes in treatment of indirect taxes following the implementation of the GST. “While wholesale demand was soft at the start of the quarter, we saw a gradual recovery and
