Consumption stocks in focus after income tax relief in Budget 2025; ITC, Nestle, Britannia among key beneficiaries

The revised tax slabs are expected to boost disposable income, aiding a widespread recovery in consumption. Staple goods companies are likely to benefit the most, as consumers are expected to spend more on essentials. Other sectors, such as quick-service restaurants (QSR), innerwear, and liquor, should also see a rise in demand.