Thursday, 3 October 2013

Godrej Consumer Products soars on plan to set up factories in Tanzania and Uganda

The promoters holding in the company stood at 63.32% while institutions and non-institutions held 29.48% and 7.20% respectively.

With an view of expanding its manufacturing footprints in Africa, Godrej Consumer Products is gearing up to set up factories in Tanzania and Uganda. Further, the company, which so far has made four acquisitions in Africa is in talks to take over some local firms in the continent.

Presently, the company has manufacturing facilities in four countries in Africa-South Africa, Mozambique, Kenya and Nigeria. Nevertheless, the company is betting big on the African market to drive its international sales, given that sales from African operations already account for 25% of total international sales.

Godrej Consumer Products is a leader among India's Fast Moving Consumer Goods companies, with leading Household and Personal Care Products. Its brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, which are household names across the country.

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