Godrej Consumer Products has commenced commercial production of personal care products at its factory at Plot no. 52, Brahmaputra Industrial Park, Dol Gobinda Mandir Road, Village Sila, Guwahati on March 23, 2011.
Recently, Sara Lee Corporation has terminated Godrej Household Product’s (GHPL), a 100% subsidiary of Godrej Consumer Products license for Kiwi (shoe care) and Kiwi Kleen brands in India and Sri Lanka with effect from April 3, 2011. Consequently, Sara Lee will pay a consideration of Rs 177 crore to Godrej Household Product.
Also in an effort to battle mounting raw material costs, personal care products maker - Godrej Consumer Products (GCPL) is planning to hike soap prices by 4-5% starting in month of April.
On consolidated basis, the group has posted a net profit of Rs 118.82 crore for the December 2010 quarter as compared to Rs 85.12 crore for the December 2009 quarter, up 39.59%.
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