GST Cuts Expected to Boost FMCG Volume Growth

The government lowered taxes (GST) on things like soap and snacks.

Companies that sell these items expect to sell more because the prices are now lower, especially in the rural markets.

This is happening at the same time as good weather and festivals are happening, which should encourage consumers to spend money.

They anticipate some challenges from the transition to the new rates, but expect volumes to increase as consumers spend their money.