Business Standard

Budget 2018: FMCG players expect tax policy for cigarettes to be soft

With improved consumer sentiment, FMCG products are expected to have seen nearly 15% revenue growth in the quarter ended December 31

Consumer, FMCG
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Rajeshwari K
The Fast-moving consumer goods (FMCG) or consumer packaged goods (CPG) industry is the backbone of equity and human resource markets nationally. The sector logged a healthy 8 percent revenue growth in the first half of fiscal 2017, but failed to sustain momentum thereafter following demonetization of high-value notes. This restricted full-year growth to just 6 percent on-year. 

GST Impact

In August 2016, the GST bill was passed by the Indian Parliament. It was levied on as many as 178 products, including chocolates, cosmetics, detergents and air-fresheners etc. Some firms operating in categories such as FMCG, consumer electronics and food retail

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First Published: Jan 31 2018 | 4:31 PM IST

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