These are interesting stories one has picked up across travels of the last month.
Somany Ceramics’ 2017-18 has been a washout of a year due to GST (goods and services tax). This intrigued; most companies had got over the GST-induced destocking pains by the second quarter. Somany explained how the unorganised trade in Gujarat has figured out a way to beat GST and the differential they enjoy (presently!) over the organised manufacturers (who pay taxes and are therefore priced higher) has increased after GST -- and that GST implementation could still take a year to stabilise.
Speaking to Dwarikesh, Dhampur
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