GST rate reductions are likely to boost FMCG sector. Tax rebates, interest rate cuts, and favorable monsoon are also expected to help. Bikaji, Emami, Nestle, and Dabur may benefit from GST cuts. Bikaji could see double-digit volume growth. ITC and Godfrey are experiencing good volume growth. Rural demand is expected to grow faster than urban demand.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets