FMCG companies reel under GST impact

Updated: August 6, 2017 22:37 IST | Parvatha Vardhini C

Most FMCG companies may well have taken the impact of the transition to GST on the chin, if their June quarter results are anything to go by. Aggregate net sales growth for FMCG players trickled to a muted 2.3 per cent over the year-ago period, while adjusted profits grew by just 2.4 per cent. These companies did recover reasonably well after demonetisation, recording sales and adjusted prof...

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