New Delhi, April 4 FMCG player Godrej Consumer Products (GCPL) on Monday said it will hike prices of its household insecticide products soon due to high input cost.
“We are taking a price hike soon in the household insecticides category as input cost has gone up. But it is difficult to say by when and how much we are likely to increase,” GCPL Managing Director Mr A Mahendran told PTI.
The company sells household insecticides under the brands GoodKnight, Hit and Jet. It is available in the market under various forms, including coils, liquid repellants. “Raw material prices are escalating,” he added.
This is the first time Godrej is taking the price change due to high commodity prices in the household insecticides category. GCPL has increased prices of its soaps by around 3-5 per cent in January this year due to the surging palm oil prices.
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