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GST has not impacted consumer offtake; price cuts to drive sales, says HUL

FMCG major Hindustan Unilever (HUL) said the new tax regime of goods and services tax (GST) has not impacted the consumer offtake and expects the price cuts undertaken by it to drive sales. "I don't think GST has impacted the...

HUL expects rural demand to revive on good monsoon

FMCG major Hindustan Unilever is expecting the rural demand to revive on good monsoon and loan waivers to farmers by some states. According to a PTI report: Besides, HUL is looking up to its trade partners to soon attain "normalcy"...

GCPL slashes soap prices by 8 per cent; extends tax benefits to consumers

Home-grown FMCG firm Godrej Consumer Products Ltd (GCPL) has slashed its soap prices by 6 to 8 per cent, extending the tax benefits to its consumers, while absorbing the hike in hair colours. According to a PTI report: The company...

GST Impact: Emami cuts hair oil prices

Kolkata-based FMCG firm Emami today said it has reduced prices of its hair oil to pass on the GST benefit to consumers. According to a PTI report: Under the new GST regime, common use products like hair oil, soaps and...

Dual MRP tags to enable consumers understand GST's impact: FMCG cos

Dual MRP tags -- indicating pre and post GST rates -- on unsold consumer products will help companies clear inventories and bring transparency to the market, FMCG firms said. According to a PTI report: Besides, the tags would enable end-consumers...

FMCG companies revise rate; extend tax benefits to customers

FMCG companies are revising prices of their products after the implementation of GST and are extending the tax benefits to the consumers under the new tax regime. According to a PTI report: The companies such as Patanjali, ITC, HUL and...

GST impact: HUL extends tax benefits to consumers

FMCG major HUL has reduced the prices of some of its detergents and soaps, extending the tax benefits the company has got under the GST regime to consumers. According to a PTI report: The company has slashed the price of...

Future Retail resolves margin issues with companies including HUL

Future Retail has resolved the margins issue with almost 80 per cent of its suppliers, including FMCG major HUL, under the new GST regime. According to a PTI report: The companies have agreed to pass on the pre GST margins...

FMCG cos expect dip in inventory levels, normalcy in Q2 in the run up to GST

FMCG firms are preparing for reduced stocks in their trade channels for a couple of months as anxious dealers cut down inventory levels in the run up to GST, the new indirect tax regime, from July 1. According to a...

Amazon hires 18 IIM-Ahmedabad business graduates

Global e-commerce major Amazon hired 18 graduates of the Indian Institute of Management-Ahmedabad (IIM-A) in the summer campus hiring, said the prestigious B-School on Tuesday. "Amazon made the most offers (18) at the end of the final placement process, followed...
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