Cupid Limited Welcomes GST Rate Rationalization as a Big Boost to FMCG Growth

Cupid Limited has welcomed the landmark recommendations of the 56th GST Council meeting, which announced sweeping reductions in Goods & Services Tax (GST) rates across a wide range of essential and consumer-focused products. The Council’s decisions, including reducing GST on key FMCG categories such as dairy products, chocolates, confectionery, juices, shampoos, soaps, hair oil, toothpaste, biscuits, and packaged foods, will significantly enhance affordability for the Indian consumer and accelerate the nation’s consumption growth story. This will lower input costs, improve product accessibility, and catalyze volume growth for Cupid Limited's Hair and Body Oils, Face Wash, and IVD Diagnostic Kits. The GST changes reinforce the company’s strategic roadmap of expanding into Pan-India retail markets, building a strong consumer brand, and capturing share in high-growth categories.