Page 2 - Fmcgs

40% GST slab: Cess backlog hits cigarette, aerated drink distributors

Distributors of aerated drinks and cigarettes told the Finance Ministry that cess accumulation under the new 40 per cent GST regime is blocking working capital and hitting liquidity

Govt eases GST price label rules, scraps mandatory advertisements

Businesses can skip re-stickering and use old stock until March 2026

FMCG companies can drive growth by leveraging brand equity: Report

Worldpanel by Numerator says FMCG firms must leverage brand equity to expand into high-growth categories and win new consumers

FMCG firms may shift to new GST regime without changing current price tag

The govt could allow discounts to be reflected in the invoice during the transition

FMCG retailers bag big discounts ahead of GST rate shift on September 22

FMCG majors offer 4-20% discount on a range of products, these discounts are valid until September 21

Parag Milk zooms 40% so far in September, hits 7-yr high on healthy outlook

Shares of Parag Milk Foods surged 14% to ₹316.50 on the back of heavy volumes, and are quoting at the highest level since September 2018.

Finance ministry, consumer affairs department review MRP circular

Businesses say they may find it difficult to reduce prices to the full extent of GST reduction because they may have paid higher input taxes on stocks lying with them. For that they won't be refunded.

Govt asks firms to share revised prices after GST reductions for consumers

The said list will be displayed on the official GST website, thereby helping consumers to see the relief they can expect as the next generation GST reforms are set to kick in on September 22

Govt clears MRP fixes for unsold FMCG inventory after GST rate change

Allows price revisions until December 31

Indian FMCG firms, including Dabur, ITC, monitoring developments in Nepal

Indian FMCG companies, which have substantial investments and presence in Nepal, are closely watching the political development in the Himalayan country. Leading Indian FMCG companies, including Dabur, Britannia, Marico, Patanjali, ITC, and Reliance Consumer have a significant presence in Nepal. Most of them operate through their local distributors or partnerships. Some of the FMCG companies as Dabur, ITC (through Surya Nepal), Britannia, etc, have their manufacturing operations in Nepal. Companies as Reliance Consumer have a partnership with Chaudhary Group for local manufacturing and distribution. Chaudhary Group (CG), Nepal's largest multinational conglomerate, has recently also entered into a formal joint venture agreement with the Indian food company Bikaji Foods also. An industry executive, without disclosing his identity, said the Indian FMCG companies are closely watching the developments in Nepal. They have advised their employees to remain cautious and safe amid the ...

Consumption funds: Rising volumes, margins may lift thematic offerings

But geopolitical risks could weigh on overall equity markets, including consumption segment

Consumers to see reduced prices of FMCG products by next month: Godrej MD

Consumers will start getting FMCG products at reduced prices only by early or mid-next month, as goods take time to reach markets with the new MRPs, Godrej Consumer Managing Director and CEO Sudhir Sitapati has said. The reduction of tariff to 5 per cent has also created "some short-term disruptions", as the industry operates on an MRP regime, and dealers and companies are sitting on stocks with high MRPs, he added. "The FMCG sector operates on an MRP regime, and stocks that dealers and companies are sitting on today are at higher MRPs. Simply passing on money to trade does not guarantee that it reaches consumers directly. It will take a little time before new MRPs flow into the market," he said. "By early or mid-next month, consumers will start seeing reduced prices on FMCG products," he pointed out. 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, including hair oil, soap

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

FMCG companies to benefit as GST slashed to 5% on key daily essentials

GST on FMCG items including soaps, shampoos, biscuits, jams and noodles has been reduced to 5% from 18%, a move expected to spur rural demand and improve liquidity

FMCG firms plan to offer more grammage for same price after GST reforms

FMCG players plan to cut prices of large packs and raise grammage in smaller packs as soaps, noodles, coffee, ghee and ice cream get cheaper under new GST rates

FMCG sector set to gain as soaps, noodles, shampoo shift to 5% GST slab

The GST Council has moved several FMCG items to the 5% slab and exempted breads, paneer and milk, a move expected to lower prices, spur consumption and aid festive demand

Trouble brews at Nestle: CEO's ouster raises questions on what's next

Nestle dismissed its CEO Laurent Freixe, with immediate effect after an internal investigation confirmed his romantic involvement with a direct subordinate

Higher volumes, margins potential rerating triggers for FMCG companies

FMCG companies are seeing structural growth since categories like shampoos and detergents are under-penetrated

Wai Wai maker bets on healthier variants, to scale revenue to ₹1,200 cr

CG Group plans to expand into snacks, sauces, pasta, and seasonings, while pushing healthier variants and scaling trade channels to triple its reach in India

Innovative launches amusing consumers and driving FMCG growth: Report

Innovation and consumer experimentation are driving FMCG growth in India, with out-of-home demand, premiumisation, and new launches fuelling both urban and rural adoption