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Godrej Mulls More Price Hikes for Soaps
Mint Mumbai
|March 11, 2025
Godrej Consumer Products will keep raising prices of its soaps gradually to protect margins amid rising palm oil prices, the consumer goods maker's top boss said on Monday.
Palm oil prices have surged in recent months due to floods in top producers Indonesia and Malaysia, forcing consumer goods makers, including Dove soapmaker Hindustan Unilever and Cinthol owner Godrej Consumer, to raise prices.
"We have not recovered the full extent of the costs yet," Godrej Consumer chief executive officer (CEO) Sudhir Sitapati told Reuters.
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