Britannia GST Cut Sparks FMCG Rally

  Published 9 months ago

Britannia shares jump 4% as GST cut on biscuits boosts profits, driving consumer index upward.

  • GST may drop to 5% from 18%, reducing tax burden and encouraging volume growth significantly.
  • Other FMCG stocks like HUL, Nestle, and ITC rise 1, 3% supporting sector momentum in the market.
  • BofA sees GST cuts, lower inflation, and good rains reviving earnings across the FMCG space overall.

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