India, Sept. 19 -- GST 2.0 provides consumer-staples with a structural lift, as it cuts the tax on most food and personal-care items to five per cent from the earlier 12-18 per cent. The lower rate is expected to spark a rebound in volumes, and help the organised players to capture a larger market share from the unbranded and informal rivals. Categories such as noodles, biscuits, packaged water, snacks, soaps and hair oils are poised for faster consumption growth.

According to Elara Capital, the moderate beneficiaries are Nestle India (seven per cent cut), Dabur India (six per cent), Emami (five per cent) and Mrs Bector Foods (six per cent). Regional competition and lower-penetration categories are set to benefit disproportionately, whic...