Old packs, new prices: FMCG companies rush to deliver GST gains
FMCG companies are swiftly adapting to GST cuts, strategizing to pass on benefits to consumers from September 22. They're adjusting production, prioritizing new stock dispatches, and exploring options like restickering old stock or collaborating with retailers for price adjustments. Challenges remain regarding old stock management, retailer reimbursements, and packaging changes, particularly for small packs where grammage additions are considered.
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