GST rate for paints, home products may be 18%: Edelweiss Sec

Abneesh Roy of Edelweiss Securities expects the rate for home, personal care and paints to be around 18 percent. More clarity is needed on GST rates before any clarity is needed. The rates could be negative volumes for the soap industry. For ITC, Roy expects growth in high single digits. The cigarette business is expected to grow at 3 percent. Anand Mour, FMCG Analyst at ICICI Securities too says that clarity on rates is needed to understand the impact. Watch videos for more..