MCG stocks moved higher after the Goods and Services Tax (GST) Council slashed rates on a range of packaged food items. Products like namkeens, instant noodles, chocolates, and coffee, earlier taxed at 12% or 18%, will now attract a uniform 5% GST. The move is expected to make essentials more affordable and fuel stronger demand, especially in rural and semi-urban markets.
Global brokerages Goldman Sachs and UBS noted that the GST cut will be a major positive for the FMCG sector, boosting consumption, driving a shift from unbranded to branded products, and accelerating volume growth for key players.
On the NSE, as of 10:40 AM, major FMCG stocks reacted positively:
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AWL Agri Business: ₹267.70 (up 0.17%)
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Bajaj Consumer Care: ₹232.87 (down 3.76%)
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Brainbees Solutions Ltd.: ₹371.40 (up 2.50%)
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Britannia: ₹6,182.00 (up 4.64%)
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Cello World: ₹588.00 (up 2.11%)
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Colgate: ₹2,473.40 (up 3.84%)
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Dabur: ₹556.00 (up 2.30%)
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DOMS Industries Ltd.: ₹2,600.00 (up 3.86%)
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Emami: ₹614.70 (up 4.03%)
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Flair Writing Industries Ltd.: ₹334.50 (up 3.80%)
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Gillette India: ₹10,597.00 (up 4.63%)
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Godrej Agrovet: ₹741.20 (up 0.58%)
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Godrej Consumer: ₹1,256.70 (down 1.47%)
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Gopal Snacks Ltd.: ₹372.00 (up 2.21%)
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Hindustan Unilever (HUL): ₹2,703.30 (up 1.45%)
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HMA Agro Industries: ₹30.80 (up 1.18%)
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Huhtamaki India: ₹229.90 (down 0.94%)
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ITC: ₹418.50 (up 1.64%)
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Jyothy Labs: ₹342.70 (up 1.89%)
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Mamaearth Honasa Consumer: ₹303.85 (up 0.70%)
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Marico: ₹741.05 (up 0.86%)
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Nestle: ₹1,229.10 (up 2.87%)
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P&G Hygiene: ₹13,537.00 (up 0.31%)
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Patanjali Foods: ₹1,827.70 (up 0.62%)
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PG Electroplast: ₹568.25 (up 2.72%)
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Sanstar Ltd.: ₹88.00 (down 0.02%)
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Sheela Foam: ₹724.50 (down 0.38%)
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Stanley Lifestyles Ltd.: ₹300.80 (down 0.27%)
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Tata Consumer: ₹1,091.30 (down 1.19%)
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