FMCG Stocks In Focus: These are the key beneficiaries of the GST rate change
As much as 67% of the overall sales of Nestle India will benefit from the GST rate cut, as coffee and chocolates, which is nearly a third of its overall sales, drop to 5% from 18%, while noodles, milkmaid, also drop to 5%. Noodles and Milkmaid form 35% of the overall sales. 85% of Britannia's sales may also benefit.
As much as 67% of the overall sales of Nestle India will benefit from the GST rate cut, as coffee and chocolates, which is nearly a third of its overall sales, drop to 5% from 18%, while noodles, milkmaid, also drop to 5%. Noodles and Milkmaid form 35% of the overall sales. 85% of Britannia's sales may also benefit.
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