Godrej Consumer Products ideas to increase prices of soaps

Godrej Consumer RISE SOAP PRICEPersonal care goods producer Godrej Consumer Products ideas to increase prices of soaps for the 2nd time in 2011, by 3-5percent, in order to combat increasing raw material costs, its Chairman mentioned late on Saturday.

“We took a cost rise in the range of 3-5 percent across our soaps portfolio in January as well as intend an additional rise within the next two months,” Adi Godrej informed Reuters ,

Costs of palm oil, a vital component for soaps, are actually increasing steadily in India, making numerous consumer companies to increase costs in the past few days and several to think about hikes in the coming weeks.

Godrej Consumer Products, nevertheless, doesn’t intend a cost rise in its hair care or even household insecticides categories.

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