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.

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

Delisting of securities

Delisting of securities The word 'Delisting of securities' indicates permanent elimination of securities of a listed firm from a stock exchange. As a result of delisting, the securitie's ...…

Invest Regularly

Invest Regularly Invest Regularly : Improve the practice of adding to your recurring deposit and SIP (systematic investment plan of mutual fund) / deferred annuity ...…

Best Shortterm Investment Options

Best Shortterm Investment Options Generally talking, money market and liquid funds, savings bank accounts, and fixed deposit with bank can be viewed as 'shortterm investment methods' : Savings Bank Account ...…

What IS a Share?

What IS a Share? [ad name="468x15- 5 link"] share is a unit of account for various financial instruments including mutual funds, stocks, limited partnerships, and REIT's. In simple Words, stock ...…

Mean For Preferential Issue

Mean For Preferential Issue A Preferential issue is an issue of stocks or of convertible securities through listed firms to a select number of person's under Section 81 of ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV