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.
Harsh Mariwala, CMD, Kaya says 22 percent is an effectiver GST rate for fast moving consumer goods (FMCG) companies. He also says that any sin tax below 40 percent will be beneficial for the industry.
The long-delayed tax, which would transform Asia's third-largest economy into a single market for the first time, should boost revenues through better compliance while making life simpler for businesses that now pay a host of federal and state levies.
For the FMCG sector rural demand is yet to pick up and a lackluster volume growth is expected in this space this quarter, says Anand Mour, FMCG Analyst at ICICI Securities.
"Unilever is pleased to confirm that the supply situation with Tesco in the UK and Ireland has now been successfully resolved," Unilever said.
In an interview with CNBC-TV18, Venugopal Malu, VP Projects at Malu Paper Mills said that the paper industry is in the phase of re-rating and is seeing a paradigm shift in packaging demand due to change in technology.
E-commerce players like Amazon, Flipkart and Snapdeal have been offering big discounts on FMCG products.
Ashwani Gujral of ashwanigujral.com recommends buying HUL and J Kumar Infra and advises selling Jet Airways, Ambuja Cements and NTPC.
In a separate filing, Colgate Palmolive said it has signed the Memorandum of Understanding for sale/transfer of Industrial Land & Building located at Waluj, MIDC, Aurangabad on 'as is basis' to undisclosed buyer for an undisclosed sum.
Amazon.in's festive sale started from October 1 and is slated to close today. Its rivals, Flipkart and Snapdeal, which started rolling out festive offers from October 2, will end their sale today.
Irrespective of RBI's decision on interest rates on Tuesday, effective interest rates will fall over the next few months, Nandan Chakraborty, Managing Director, Institutional Equity Research, Axis Capital said. There could be a slight de-rating but index will have an upside of 15 percent on an average, he added.
The head of ITC's food division VL rajesh has nothing but praise for Patanjali. In an interview with CNBC-TV18 he said he is amazed at how Patanjali has managed to carve a niche for itself in the crowded FMCG market.
"India is the fastest growing paper market globally, growing at over 7 per cent and projected to grow at over 4 per cent per annum till 2030 to 27 million tonnes by 2030.
Wipro Singapore Pte Ltd, part of Wipro Consumer Care and Lighting, today said it will acquire 100 percent stake in Zhongshan Ma Er Daily Products, a Chinese FMCG firm, in an all-cash deal.
Sanjiv Bhasin, Executive VP-Mkts & Corporate Affairs, IIFL is very upbeat on consumption and banks as themes going forward.
E-commerce major Snapdeal today said it will flag off the festive season with its 'Unbox Diwali Sale' from October 2, the same day when its larger rival Flipkart will begin its own festive offers.
Over the last six months, the government has put in a lot of building blocks in place for a broad-based growth and focus will now be on implementation of these policies says Bharat Iyer, Head Of India Equity Research at JPMorgan.
Maruti Suzuki touched a record high of Rs 5,572.30, up more than 2 percent and hit market capitalisation of Rs 1.7 lakh crore.
The market breadth also gradually improved. More than three shares declined for every share rising on the exchange against the earlier ratio of 6:1.
Madhu Kela of Reliance Capital is of the view that one can look at the FMCG space whenver stocks becomes cheap.
Speaking to CNBC-TV18 Madhusudan Kela, Chief Investment Strategist, Reliance Capital, said that a small shift from bond to equity is keeping equity valuations elevated.
Interacting with CEOs at FICCI's annual Retail, FMCG and E-Commerce convention, he said that in today's globalised world, it has become essential for India to become a part of the global supply chain. For this, India has opened up its economy and liberalised the FDI regime.
While Shivakumar says PepsiCo has started giving healthier alternatives to its products, Ajay Kaul of Jubilant Foodworks says fast-food is a guilty pleasure for consumers and they don't mind indulging in moderation.
ITC and HUL rallied 1-2 percent while ICICI Bank, Lupin, Sun Pharma and Maruti were down over a percent.
The global economy is likely to face strong deflationary pressures over the medium to long term and central banks' easy money policies to counter this trend will likely have implications for stocks, says Chandresh Nigam, MD and CEO of Axis Asset Management Company.