Detergent

No GST cut for detergents, cosmetics surprises FMCG firms: Analysts

Keeping detergents and cosmetics under 18 per cent tax rate with zero savings on these daily-use items for households under the government's sweeping GST restructuring move is surprising, say industry players and analysts. The all-powerful GST Council last week decided to reduce taxes on most of the common-use goods as part of the government's measure to boost consumer spending. The new structure of goods and services tax (GST), which comes into effect on September 22, will have two slabs of 5 per cent and 18 per cent instead of the current four slabs of 5, 12, 18 and 28 per cent. Fast-moving consumer goods (FMCG) products such as hair oil, soap, face powders, shampoos, toothbrushes, and toothpaste have come under the lower slab of 5 per cent from 18 per cent. However along with detergents and cosmetics, duty on several items such as hair dye and household insecticides has not been reduced. FMCG companies say they are ready to pass on the benefits of the duty cuts to consumers, ev

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Godrej fab launched at Rs 99/ litre in South India

Nirma's new clothes: The journey of detergent brand towards healthcare

How Hiren Patel, founder Karsanbhai's son, is reinvigorating Nirma by administering a shot of pharma

Nirma to tap into own funds, debt to buy Glenmark Life Sciences

The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition

Surf Excel becomes first Indian home care brand to top $1 bn annual sales

With a total sales of Rs 8,200 crore in 2022, Surf Excel also became HUL's first brand to reach the milestone

Hindustan Unilever hikes prices of soaps and detergents by 3-20%

This comes on the back of rising raw material costs, which had forced the company to initiate several similar rounds of price hikes last year, too

Denmark-based enzyme producer Novozymes working on eco-friendly detergents

Denmark-based enzyme producer Novozymes working on eco-friendly detergents

Detergent prices to rise as chemical duty kicks in

Consumers are staring at a second hike in prices of detergents within a fortnight