FMCG firms unveil revised prices based on GST 2.0

Several fast-moving consumer goods (FMCG) companies have said that they will pass on the full benefit of goods and services tax (GST) rate cuts to consumers starting September 22.

- AKSHARA SRIVASTAVA

Dairy major Mother Dairy, on Tuesday, announced rate cuts in products spanning its portfolio--from milkshakes to paneer and jams to frozen products under its Safal brand.

“The recent GST reduction across a wide range of dairy and processed food products represents a progressive step that will significantly boost consumption and accelerate the adoption of safe, high-quality packaged offerings. As a consumer-centric organisation, we are passing on 100 percent of the tax benefit to our patrons,” said Manish Bandlish, managing director at Mother Dairy.