New Delhi, Aug. 18 -- FMCG stocks rallied on Monday, in line with the broader uptrend in the Indian stock market, after Prime Minister Narendra Modi announced reforms in the Goods and Services Tax (GST) framework during his Independence Day address.

Nestle India, Dabur, Hindustan Unilever, Britannia Industries, Tata Consumer Products and Colgate Palmolive India shares gained between 3% and 5%, emerging as the top performers on the Nifty FMCG index. The index itself advanced 1.6%.

PM Modi announced that "next-generation GST reforms" would be rolled out by Diwali (October 2025). Analysts said the proposed measures, aimed at reducing the tax burden on households, are likely to boost consumption demand and support the ongoing recovery in th...