FMCG Sector Weekly Report – 13.11.2017 To 17.11.2017
FMCG Sector Weekly Report – 13.11.2017 To 17.11.2017
Stocks of most fast moving consumer goods companies are seen moving in a thin range next week,
as the outcome of a meeting of the Goods and Services Tax Council. The GST Council yesterday announced a major re-fitment of items under the GST ambit, with 178 items being moved to the 18% slab from the 28% slab in the highest tax bracket.
Though paints, cements, washing machines and air conditioners have been retained in the 28% slab, rates on chocolates, chewing gum, and preparation for facial make-up, shaving and after-shave
items, deodorants, washing powder detergent and granite and marble have been cut to 18%.
The move could help companies like Britannia Industries Ltd gain some sales traction. Other
companies like Godrej Consumer Products Ltd and GlaxoSmithKline Consumer Healthcare Ltd will
also benefit from the rate cut. Sales volumes of smaller companies such as GlaxoSmithKline could
gain momentum in the near term, as they have shifted focus to lower price units and sachets
Source : Cogencis Information Services Ltd.
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FMCG Sector Weekly Report – 13.11.2017 To 17.11.2017
Stocks of most fast moving consumer goods companies are seen moving in a thin range next week,
as the outcome of a meeting of the Goods and Services Tax Council. The GST Council yesterday announced a major re-fitment of items under the GST ambit, with 178 items being moved to the 18% slab from the 28% slab in the highest tax bracket.
Though paints, cements, washing machines and air conditioners have been retained in the 28% slab, rates on chocolates, chewing gum, and preparation for facial make-up, shaving and after-shave
items, deodorants, washing powder detergent and granite and marble have been cut to 18%.
The move could help companies like Britannia Industries Ltd gain some sales traction. Other
companies like Godrej Consumer Products Ltd and GlaxoSmithKline Consumer Healthcare Ltd will
also benefit from the rate cut. Sales volumes of smaller companies such as GlaxoSmithKline could
gain momentum in the near term, as they have shifted focus to lower price units and sachets
Source : Cogencis Information Services Ltd.
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