GST 2.0 to boost FMCG consumption, larger packs items to get benefit from price cuts: Nuvama Report

A new report suggests that the FMCG sector in India is set to benefit from recent GST rate revisions. Nuvama's report indicates that tax cuts will likely lower consumer prices and improve company margins. Categories like biscuits and toothpaste will see changes. Britannia and Hindustan Unilever are expected to gain significantly. However, rates for detergents and cosmetics remain unchanged.