GlaxoSmithkline Consumer Healthcare has reportedly cut the price of malted food drink Horlicks by nearly 5% for a 500-gm jar, while the price of 500-gm Boost has been cut by 4%. This step has been taken in order to pass on the benefits of the recent reduction in GST rates to the consumer.
GlaxoSmithkline Consumer Healthcare’s core business is manufacturing of health drinks under the brand Horlicks. It exports products to countries like Bangladesh, Myanmar, Sri Lanka, Middle East, Fiji, Mauritius, Nepal, Bhutan and many more.
