GST overhaul to boost consumer spending; FMCG, footwear QSRs, grocery sector to gain: Report

Bernstein reports that recent GST rate reductions will stimulate consumer spending, benefiting sectors like FMCG, QSRs, footwear, and grocery retail. Reduced GST on personal care products offers pricing support to FMCG firms, potentially boosting demand. Apparel and footwear GST changes are marginally positive for some retailers, while QSR chains will see improved gross margins due to input tax cuts.

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