INSUBCONTINENT EXCLUSIVE:
ET Intelligence Group: With focus on farmers and middle class, the Budget 2019 provides a boost to consumption in the economy, which augurs
well for fast moving consumer goods (FMCG) stocks
Most of the FMCG stocks have gained following income support to farmers and income tax rebate to middle-class tax payers with income up to
Rs 5 lakhs.
A higher disposable income with these consumers, FMCG companies are expected to report better demand
Rural demand has been strong since the past couple of quarters and the Budget 2019 will aid the sentiment
Status quo in the case of taxes on tobacco products offers relief to cigarette companies
HUL, ITC, Godrej Consumer Products and Dabur will be major FMCG beneficiaries of tax proposals.
