Patanjali Ayurved hits GST roadblock: Sales growth may slow down in FY18

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After growing at a breakneck pace for five years, Baba Ramdev’s Patanjali Ayurved has hit a major roadblock.During the financial year 2017-18, the group’s sales growth has slowed down considerably–- thanks to the massive transformational work following the implementation of the good and services tax (GST) regime in mid-2017. According to Patanjali spokesperson S K Tijarawala, the initial glitches related to GST and the realignment work required due to its implementation cost Patanjali two months’ business in 2017. “We are in a growth mode and we have …
Source: Business Standard