Price drop alert: Mother Dairy milk to get cheaper by Rs 2 as dairy giant slashes product prices after GST overhaul
PTC News Desk: In a good news for the customers, Mother Dairy on Tuesday announced a significant price drop across its range of dairy and food products as part of a major GST overhaul.
The dairy giant said that its entire portfolio now falls under either the zero-tax category or the lowest 5% slab. Prices of everyday favourites like paneer, butter, cheese, ghee, milkshakes, and ice creams are also dropping. For example, a 500-gram pack of butter will now cost Rs 285 instead of Rs 305, while a butterscotch cone ice cream falls to Rs 30 from Rs 35.
However the price of everyday milk pouch remains same as it has always been exempted from GST. The rate reduction is applicable to UHT milk -- a one-litre toned tetra pack of milk will cost Rs 75, down from Rs 77.
"Everyday poly pack milk (Full Cream Milk, Toned Milk, Cow Milk, etc) has always been exempted from GST and continues to be so, with no implications on its MRP," the dairy major said.
"As a consumer-centric organisation, we are passing on 100% of the tax benefit to our patrons," said Manish Bandlish, managing director of Mother Dairy.
With the Mother Dairy making significant move by slashing prices of its products, it is worthy to see weather other FMCG majors will follow the same path ot not.
- PTC NEWS
