GST 100 days: FMCG companies give thumbs up, say demand picking up

As the GST completes 100 days today, major FMCG firms, including Dabur and Godrej Consumer, expect full recovery from the pangs of implementation of the new tax regime by the end of the third quarter with clear signs of demand picking up in the horizon. Most FMCG firms were hit by de-stocking by channel partners ahead of the implementation of the Goods and Services Tax (GST) in July this year due…