Bernstein predicts India’s consumption will get a boost from the government’s GST rate cuts. Personal care, home care, FMCG, grocery retail, footwear, apparel, and quick-service restaurants are expected to gain from the revised tax structure, which lowers GST on key items.
It will infuse Rs 398 crore, which will be subject to closing adjustments. The Aditya Birla group firm expects to complete the acquisition in 30 to 45 days.
The expansion in sourcing will include helping develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and general merchandise, along with apparel homeware and other key Indian export categories.
