FMCG stocks rally as GST cuts make biscuits, dairy, soaps cheaper
Britannia, Dabur, ITC, Nestle, Emami, and Parag Milk gained after the GST Council cut rates on essentials like biscuits, soap, shampoo, ghee, and paneer. The Nifty FMCG index rose 1.2% as lower taxes are expected to spur demand ahead of Diwali. Analysts said wide-portfolio players such as HUL, Dabur, and Britannia are the biggest winners of this 'volume booster' reform.