GST rate cuts: FMCG sector set for big boost; Britannia, HUL, Nestle to gain

A Nuvama report anticipates a significant boost for the FMCG sector due to recent GST rate rationalization, potentially lowering consumer prices and improving company margins. Key categories like biscuits and toothpaste now fall under the 5% tax slab, benefiting companies such as HUL and Britannia.