Godrej Consumer Products to invest Rs 515 cr to set up;

The manufacturing facility is expected to be built in Tamil Nadu’s Chengalpattu District’s Thiruporur Taluk.

Earnings before interest, tax, depreciation and amortization (EBIDTA) were at Rs 642.8 crore, growing by 23.4 per cent and the EBIDTA margin was at 18.6 percent, up 240 basis points from the year-ago quarter. — *At 3 PM, Godrej Consumer Products shares were trading at Rs 1,025.45, up 0.62 percent.*

INTRODUCTION

Godrej Consumer Products Limited (GCPL), a leader in the FMCG industry, announced on Thursday that it has inked an MoU with the Tamil Nadu government to build a cutting-edge manufacturing facility over the next five years for an investment of Rs 515 crore.

The projects will be funded through a combination of internal accruals and loans, and the manufacturing locations are anticipated to go online in between 18 and 36 months.

“We are excited to announce our strategic cooperation with Godrej Consumer Products in support of the construction of their new plant in our state, which will cost them Rs 515 crore.

In order to increase our market presence, it will act as a manufacturing hub for a variety of our well-known brands and products, including Cinthol, Godrej Expert Rich Crème, Godrej Selfie Shampoo Hair Color, and Goodknight.

Furthermore, we are committed to encouraging sustainable growth in Tamil Nadu and making a beneficial influence on the community, according to Sudhir Sitapati, MD & CEO of Godrej Consumer.