MAM
Soaps to sodas, GST clean sweep gives FMCG a bubbly new outlook
MUMBAI: The FMCG aisle just got a tax wash, and shoppers may finally come out smelling of roses. With the government’s GST 2.0 reform collapsing the maze of 5 per cent, 12 per cent, 18 per cent and 28 per cent slabs into a neat trio of 5 per cent, 18 per cent and a frothy 40 per cent, the everyday essentials that power India’s consumption story have been given a welcome scrub.
Soap, toothpaste, shampoos, toothbrushes and shaving cream once languishing at 18 per cent now gleam under the 5 per cent bracket, a move that analysts say could spark a volume surge of 8–12 per cent in FMCG sales in Q4 2025. For households tightening belts, and for rural India where every rupee pinches, that’s a tax break with real bite.
Food has also found its sweet spot. Ghee, nuts, bottled water, namkeen and dairy staples have been moved to 5 per cent, with paneer and UHT milk made entirely GST-free. The dairy sector alone is expected to lap up a Rs 11,400 crore boost, with giants like Amul and Britannia licking their lips. Even indulgences like ice-cream and butter now come with a lighter 5 per cent tag.
It isn’t just the kitchen basket that’s cheering. Tractors, pumps and fertilisers all at 5 per cent promise lower farm costs and higher rural income, feeding directly into FMCG consumption. Add cheaper packaging materials, and margins for companies like HUL, Dabur and Marico may fatten by 100–150 basis points.
But it isn’t all sugar and spice. Premium and discretionary products still find themselves in the bitter bracket. Aerated drinks, colas, energy beverages and luxury chocolates continue to fizz under 18 per cent or the punishing 40 per cent sin rate, leaving players like Coca-cola and Pepsi nursing flat outlooks. The GST Council may have thrown a party for soaps and shampoos, but sodas are still paying for the hangover.
On the compliance front, the industry is racing to reprint price tags and rejig invoices before the 22 September 2025 roll-out, with old stock adjustments threatening short-term headaches for distributors. Yet, with GST audits now mandatory only above Rs 10 crore turnover, smaller FMCG outfits can breathe easier.
The broader script is clear: this reset is pro-rural, pro-consumption and pro-MSME, even if it means the exchequer takes a knock – with the Global Trade Research Initiative warning of a Rs 10,664 crore revenue shortfall from import-linked IGST alone.
Still, for an industry fuelled by volume, the GST reboot couldn’t have been better timed. As festive season shelves stack up, FMCG finds itself freshly polished, priced to move, and perfectly poised to turn tax relief into a consumption carnival.
MAM
WPP appoints Estée Lauder’s Anne-Isabelle Choueiri as chief transformation officer
Former Estée Lauder executive to lead operations, technology and culture overhaul under WPP’s three-year growth plan
LONDON: WPP has appointed Anne-Isabelle Choueiri as chief transformation officer in a newly created role tasked with delivering the group’s Elevate28 strategy.
Choueiri joins from The Estée Lauder Companies, where she led enterprise-wide strategic initiatives, including the “One ELC” operating model and major upgrades to enterprise marketing, data and analytics capabilities. She also led the redesign of enterprise technology teams and served on the company’s AI taskforce, driving AI strategy, adoption and value realisation across the business.
At WPP, she will be responsible for designing, implementing and embedding the operating model behind Elevate28, the company’s three-year growth plan unveiled in February 2026. She will lead efforts to improve innovation, efficiency and integration across WPP’s client offerings, with a focus on delivering agile, outcome-driven solutions and measurable growth.
Choueiri will oversee organisational transformation across the group, working closely with product and enterprise technology teams to deploy AI, data and technology to build new capabilities and improve operational performance. She will also work with the people function to embed cultural change, strengthen an agile performance mindset and support talent development across the organisation.
Before joining Estée Lauder, she held senior roles across consulting and digital agencies, including at Accenture, Masaï (a Bain & Company spin-off), and Kearney, with experience spanning strategy, data and digital marketing transformation.
Cindy Rose, chief executive officer of WPP, said Choueiri brings a strong track record of leading large-scale transformation across operations, technology and culture, adding that her appointment will help accelerate the group’s next phase of growth under Elevate28.
Choueiri said WPP’s strategy represents an ambitious opportunity to reshape how the company operates and delivers for clients, adding that she looks forward to building integrated solutions and fostering a culture of innovation and change.
She will be based in New York and will join WPP’s executive committee.
