Hair oil to appliance makers in India see GST pain lingering

Companies from Marico to V-GuardBSE 0.58 % Industries Ltd. see sales remaining weak for a few months after India introduced a nationwide tax disrupting supplies and prompting stores to focus on cutting inventories.

There were ‚Äúsignificant disruptions‚ÄĚ of supplies in the three months ended June and lost sales will be recouped in the next couple of quarters, said Mithun K. Chittilappilly, managing director of electrical products manufacturer V-Guard. Marico, which makes Parachute hair ..

source:
http://economictimes.indiatimes.com/articleshow/59912241.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst