Godrej Consumer Products rises as its arm commences construction to set up new manufacturing site at Indonesia
Godrej Consumer Products is currently trading at Rs. 1237.30, up by 7.05 points or 0.57% from its previous closing of Rs. 1230.25 on the BSE.
The scrip opened at Rs. 1230.50 and has touched a high and low of Rs. 1241.00 and Rs. 1225.00 respectively. So far 7339 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1541.30 on 11-Sep-2024 and a 52 week low of Rs. 979.75 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1308.40 and Rs. 1220.20 respectively. The current market cap of the company is Rs. 126697.53 crore.
The promoters holding in the company stood at 53.07%, while Institutions and Non-Institutions held 31.75% and 15.18% respectively.
Godrej Consumer Products’ material subsidiary -- PT Godrej Consumer Products Indonesia has commenced construction for setting up a new manufacturing site at Kendal, Indonesia. The project will involve an investment of around Rs 250 crore and will be funded through a mix of internal accruals and debt, if the need be.
PT Godrej Consumer Products Indonesia plans to add around 15% capacity in these categories with this additional investment. The objective is to cater to the growing demand of the customers and to consolidate the manufacturing footprint.
Godrej Consumer Products (GCPL) is a leading emerging markets company.
