Patanjali Foods, a company founded by Baba Ramdev, has announced a reduction in the Maximum Retail Prices (MRPs) of its products across various categories. The move comes after the implementation of GST 2.0 reforms, which aim to simplify and reduce tax rates on various goods. The company has decided to pass on the benefits of the GST rate cuts to its consumers by reducing the prices of its products.
One of the notable price reductions is on Nutrela soya chunks, which will be cheaper by Rs 20 per kilogram. This is a significant reduction, making the product more affordable for consumers. The price cuts are not limited to food products, as Patanjali Foods has also reduced the MRPs of its personal care range.
The company has implemented the price reductions across various categories, including food, personal care, and other products. The new prices are effective immediately, and consumers can expect to pay less for their favorite Patanjali products. The price cuts are a result of the company’s efforts to pass on the benefits of the GST rate reductions to its consumers, making its products more competitive in the market.
The GST 2.0 reforms have led to a reduction in tax rates on various goods, resulting in a decrease in the production costs for companies like Patanjali Foods. The company has taken a proactive approach to reduce the MRPs of its products, ensuring that the benefits of the GST rate cuts are passed on to the consumers.
The price reductions by Patanjali Foods are expected to boost sales and increase consumer loyalty. The company’s decision to reduce prices is a strategic move to stay competitive in the market and to capitalize on the benefits of the GST 2.0 reforms. With the new prices in effect, consumers can expect to save money on their purchases of Patanjali products, making them more affordable and attractive. Overall, the price reductions by Patanjali Foods are a positive development for consumers, and the company’s efforts to pass on the benefits of the GST rate cuts are likely to be well-received by the market.