Mother Dairy Welcomes GST Rate Reduction on Dairy Products
Mother Dairy, a leading dairy firm with a turnover of Rs 17,500 crore, has welcomed the Union Government’s decision to reduce GST rates on a wider range of dairy products. These products include paneer, cheese, ghee, butter, UHT milk, milk-based beverages, and ice creams. According to Manish Bandlish, Managing Director of Mother Dairy, this progressive step will significantly enhance the affordability and accessibility of value-added dairy products for consumers across the country.
Boost to Packaged Categories and Demand Momentum
The reduction in GST rates is expected to give a significant boost to packaged categories, which are fast-growing favorites in Indian homes. This move will likely lead to stronger demand momentum going forward. By lowering the tax slabs, the government aims to encourage wider adoption of packaged, value-added dairy products, strengthen consumer preference for safe and quality offerings, and enable more families to enjoy wholesome dairy goodness at better value.
Benefits for Consumers and Farmers
Mother Dairy is committed to ensuring that the advantages of this reform are effectively passed on to consumers. The company believes that the reduction in GST rates will create stronger market opportunities for farmers and further energize the dairy industry as a whole. With this move, Mother Dairy expects to see increased demand for its products and is well-positioned to benefit from the growing popularity of packaged dairy products.
