GST Reform Impact, Aug. 20 -- The proposed revision in GST reforms, through a two-tier tax structure and lower tax rates on household goods, has driven not only the Indian stock market but also the fast-moving consumer goods (FMCG) segment.

Amid Rs.1.98 lakh crore consumption boost expected from the GST rate rejig, the Nifty FMCG index has been caught in an uptrend, rallying nearly 4% during the three days till Wednesday, August 20.

According to analysts, Q1 FY26 marked a turning point for FMCG companies, with momentum shifting from valuation pressure to steady recovery. Following the Union Budget's direct tax (I-T slab) simplification in February, momentum improved, said Pankaj Singh, smallcase Manager and Founder & Principal Researche...