FMCG growth slows in December quarter on GST transition - The Times of India

MUMBAI: Consumption of soaps, shampoos, biscuits and other packaged goods took a hit in the Dec quarter with volume growth dropping to 2.6% compared to 6.2% in the year ago quarter as transition to a new goods and services tax (GST) regime from Sept 22 disrupted sales at neighbourhood kirana stores which still drive the bulk of household grocery shopping in large parts of India, NielsenIQ (NIQ) da…