{"id":133057,"date":"2024-09-10T10:40:53","date_gmt":"2024-09-10T05:10:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=133057"},"modified":"2024-09-10T10:46:44","modified_gmt":"2024-09-10T05:16:44","slug":"fmcg-stocks-to-benefit-from-govts-gst-rate-cut-on-namkeen-products-to-12","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stocks-to-benefit-from-govts-gst-rate-cut-on-namkeen-products-to-12\/","title":{"rendered":"FMCG stocks to benefit from Govt&#8217;s GST rate cut on namkeen products to 12%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1466603144\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>India&#8217;s food industry, worth $400 billion, is among the world&#8217;s largest, contributing over 10% to the country&#8217;s GDP. It employs about 60 million people and includes agriculture, manufacturing, and retail. With a projected 12% CAGR growth, the sector is fueled by increasing demand and innovation.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3442062507\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In 54th GST Council Meeting on Monday, Finance Minister Nirmala Sitharaman announced that the GST rate on such products had been reduced significantly to 12% from 18% earlier.&nbsp;<\/p><p>Additionally, the Finance Minister also stated that snacks made using the extrusion process would be taxed at 18 percent. However, other snacks and savory items, such as bhujia, could potentially be subject to a 12 percent GST.&nbsp;<\/p><p>However, unfried or uncooked snack pellets produced through extrusion will continue to be taxed at a GST rate of 5 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-637095625\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Here are the stocks that jumped up to 8% after Finance Minister announced a GST rate cut on snack products to 12%:-&nbsp;<\/strong><\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BIKAJI\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Bikaji Foods International Ltd<\/a>\u00a0<\/strong><\/h2><p>Bikaji Foods International Limited is primarily involved in the manufacturing, purchase, and sale of snacks and food. The Company offers a range of products across six categories: bhujia, namkeen, sweets, papad, western snacks, and other snacks.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong>: <strong><a href=\"https:\/\/tradebrains.in\/features\/cable-stock-to-buy-now-for-an-upside-of-50-do-you-own-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cable stock to buy now for an upside of 50%; Do you own it?<\/a><\/strong><\/p><\/blockquote><p>With a market capitalization of Rs 21,764.47 crore, the shares were trading at Rs 869.25 per share, increased around 8 percent as compared to the previous closing price of Rs 834.95 apiece.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GOPAL\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Gopal Snacks Ltd\u00a0<\/a><\/strong><\/h2><p>Gopal Snacks Limited is a major operator in India&#8217;s fast-moving consumer goods (FMCG) sector, with an emphasis on the snack market in Gujarat. The company&#8217;s major activity is to manufacture and sell a wide variety of savory items.&nbsp;<\/p><p>With a market capitalization of Rs 4,289.51 crore, the shares were trading at Rs 344.25 per share, increased around 8 percent as compared to the previous closing price of Rs 326.30 apiece.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DIAMONDYD\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Prataap Snacks Ltd\u00a0<\/a><\/strong><\/h2><p>Prataap Snacks Limited is engaged in the processing, manufacturing, and sale of various types of potato-based snacks, extruded snacks, namkeen, and ethnic sweets under the brand name, Yellow Diamond. The Company operates in the snack food segment.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2049657749\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Also read<\/strong>: <strong><a href=\"https:\/\/tradebrains.in\/features\/stocks-under-250-with-price-to-book-value-less-than-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stocks under \u20b9 250 with price to book value less than 1<\/a><\/strong><\/p><p>With a market capitalization of Rs 2,008.47 crore, the shares were trading at Rs 841.30 per share, increased around 8 percent as compared to the previous closing price of Rs 811.70 apiece.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-916099870\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s food industry, worth $400 billion, is among the world&#8217;s largest, contributing over 10% to the country&#8217;s GDP. It employs about 60 million people and includes agriculture, manufacturing, and retail. With a projected 12% CAGR growth, the sector is fueled by increasing demand and innovation.&nbsp; In 54th GST Council Meeting on Monday, Finance Minister Nirmala [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":130575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10080,22328,22324,16821,948,936],"class_list":["post-133057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bikaji-foods-international-share-price","tag-fmcg-stocks-to-benefit-from-govts-gst-rate-cut","tag-gopal-snacks-share-price","tag-prataap-snacks-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FMCG stocks to benefit from Govt&#039;s GST rate cut on namkeen products to 12% - 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