Dabur faces short-term sales dip in Q2 on GST cuts

Packaged goods makers Dabur and Hindustan Unilever reported a temporary dip in sales during the September quarter. Consumers delayed purchases anticipating Goods and Services Tax reductions. Distributors also focused on clearing existing higher-priced stock. Dabur expects mid-single digit revenue growth. HUL anticipates near-flat to low single-digit growth. Many products now fall under a 5% GST slab.

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