India may cut GST on staples like toothpaste to 5% while hiking taxes on cigarettes, carbonated drinks, and luxury cars.

• Colgate, Palmolive, and Dabur shares rise as the 12% GST slab on staples is likely to be replaced with 5%.
• Cigarette firms ITC and Godfrey Phillips decline amid proposed higher GST and new health/green cess.
• COLG shares down ~9% YTD; Dabur drops 3.8% despite tax restructuring optimism.