GST cut drives FMCG growth in first quarter: Consumers buy more soaps, snacks and staples

Consumer demand for daily necessities and groceries saw a significant volume increase in October-December, following GST rate reductions on several items. This pickup in sales, with volumes rising 9-10%, indicates a revival after an inflation-led slowdown. The positive trend is expected to continue, driven by factors like income tax benefits and cooling commodity prices.