Britannia shares in focus as reports suggest GST council to reduce rate on cheese & condensed milk
By Aditya Bhagchandani Published on June 5, 2025, 12:19 IST
Shares of Britannia Industries were in focus on June 5, rising 0.12% to ₹5,548.50 in early trade after CNBC Awaaz reported that the GST Council is likely to consider reducing the Goods and Services Tax (GST) on dairy products like cheese and condensed milk. The move, if implemented, could lower input costs and boost profitability for food companies with significant dairy exposure.
Currently, cheese and condensed milk attract 12% GST, while paneer, curd, lassi, buttermilk, and UHT milk are taxed at 5%. The proposed reduction could provide pricing flexibility for consumer goods companies like Britannia.
Updated stock details: Current Price: ₹5,548.50
Previous Close: ₹5,542.00
Day Range: ₹5,520.50 – ₹5,570.00
52-Week Range: ₹4,506.00 – ₹6,469.90
Market Cap: ₹1.34 trillion
P/E Ratio: 61.34
Dividend Yield: 1.35%
Avg Volume: 253.26K
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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