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Revenue climbs as Marico adjusts to GST rate changes
Mint Mumbai
|November 15, 2025
Homegrown packaged goods company Marico Ltd said the revised goods and services tax (GST) rate cuts introduced in September led to a temporary disruption in trade channels, resulting in destocking at the end of the quarter. Demand trends, however, remained steady in July and August.
‘The firm passed on the GST benefits to consumers across relevant categories through price cuts or rise in grammage and about a third of the India portfolio has gained from the rate rationalisation. “Recent GST raterationalization by the governmentisa welcome step towards stimulating demand and long-term growth in the FMCGsector.30% of our India business has benefited from GST rate rationalization. We have passed on the benefits of revised GST rates toconsumersfor relevant product categories, reinforcing affordability and accessibility,” Saugata Gupta, MD & CEO, said.
This story is from the November 15, 2025 edition of Mint Mumbai.
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