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Friday 20 September 2019

FMCG firms may pass on tax gains to consumers

Fast-moving consumer goods (FMCG) could witness a price reduction in select categories, which is likely to boost sagging volumes. The FMCG industry is reeling under a major slowdown. An increase in profits, following the corporate tax bonanza, could also go into product promotions and advertising spends, said experts.

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