Indian consumer goods multinational to foray into the pet sector

Indian fast-moving consumer goods (FMCG) corporation Godrej Consumer Products Limited (GCPL) is reportedly entering the pet care industry with an investment of ₹500 crore ($59.5M/€54M) over the next 5 years.

Local media reports that production under the new Godrej Pet Care division is expected to kick off by September 2025.

This move into the pet care industry will be supported through a manufacturing and research and development (R&D) agreement with Godrej Agrovet, the company’s animal feed and agribusiness.

Business performance

GCPL reported ₹2,005 crore ($238.8M/€216.8M) in revenue between April and June 2024. This was an 8% year-on-year increase against the same period last year.

The company anticipates that upcoming product launches and expanding into the pet food market will help it raise its share value.

The multinational has been recognized as the leading FMCG player in India, bringing in $1.7 billion (€1.5B) in revenue in the last fiscal year. The Mumbai-based company is known for manufacturing and retailing personal care and household products like soap, hair colorants, toiletries and liquid detergents.