GST 2.0 Delights Shoppers: Nestle, HUL Slash Prices on Maggi, Milk | Big GST Push | Full Details - video Dailymotion

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00:00Let's head straight to the aisles today. Essentials are set to get cheaper.

00:04Sources tell your channel that Nestle and HUL are cutting prices on large packs

00:08while increasing grammatrix across key SKUs.

00:11That means Maggi noodles, coffee, chocolates, even milk will cost lesser going ahead.

00:17My colleague Anjali Palod is joining us from a department store to capture

00:20what this means for everyday shoppers. Anjali, hi, good morning.

00:24With the new GST rates coming in one sector that is going to see sweeping changes

00:29is the FMCG sector. Many categories such as soaps, detergents to milk, butter.

00:35There are lots of changes that are coming in. Categories are going to move from 18% to 5%.

00:41Some even going down to 0% with the 12% slab now being removed.

00:45We will see many items in the 5% slab as well.

00:48Now, in terms of the preparedness for these new GST changes, all FMCG companies

00:53have communicated their updated price lists to their trade partners,

00:57to their distributors and retailers.

00:59And in fact, changes have also been made on the softwares from the retailers' end

01:04to ensure that from 22nd of September, the bills will reflect the new GST prices.

01:09However, we might not be able to see these changes on the packaging

01:13as the retailers and distributors are still sitting with the ordinary.

01:18But the final price that we will see on the bill will definitely see a cut.

01:22Now, to prepare for this, retailers have also been stocking up on the large packs

01:27which is expected to see a large demand.

01:31And in fact, some FMCG companies also rolled out certain benefits or discount schemes

01:35for retailers even before 22nd of September,

01:38actually launched something called Retailer Bonanza.

01:41Similar moves we've seen from P&G and IPC as well.

01:44Wherein, the distributors and retailers have already been given these benefits

01:48so that they can pass on the benefit of the lower prices to the consumers.

01:52But that's all that we are gathering from the FMCG sector

01:56in terms of their preparedness to look at GST changes.

02:00Thank you so much, Anjali, for all of that.

02:02But the other sector that wins big is...

GST 2.0 Delights Shoppers: Nestle, HUL Slash Prices on Maggi, Milk | Big GST Push | Full Details

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