Godrej Consumer Products has received approval from Board of Directors to enter into a new business viz. Pet Care, through one of its subsidiary. The new line of business for the Company falls in Pet Foods. The expected benefit of venturing into the new line of business is diversification of revenue streams.
The company will invest Rs 500 crore over a period of 5 years in one of its subsidiary company and plan to commence production in second half of FY 2026. The board of directors at its meeting held on August 7, 2024 approved the same.
Godrej Consumer Products (GCPL) is a leading emerging markets company.
