Godrej Consumer aims to cut global manufacturing footprint
Godrej Consumer Products said its global manufacturing footprint will reduce by 40% by FY26, part of its broader strategy to make more products in India and cut costs to improve profitability.
At present, the maker of Cinthol and Good Knight has 36 plants including 14 in India. It also invested Rs 1,000 crore in two manufacturing sites in India last fiscal.
«We are also reassessing our manufacturing footprint. We are questioning how much of what we make in international geographies can be made in India and exported out,» Sudhir Sitapati, MD at GCPL, said in its latest annual report.
GCPL said its strategic focus on achieving double-digit volume growth in key markets like India and Indonesia is pivotal to driving its aspirations for sustainable growth. Despite challenges such as lower consumption levels in India, it achieved an organic underlying volume growth of approximately 7%, aligning with its target of high single-digit growth in this fiscal year. It also reduced the number of managers overall through creating larger, richer roles, and introducing more modern tools, it said.
«The resilience in volume growth underscores our adaptability in navigating market dynamics and seizing growth opportunities. We remain on track in our journey to reduce wasted cost and deploy it to drive profitable, sustainable volume growth. By setting consistent volume growth targets of 9-10% in the upcoming years for India, we aim to establish a robust trajectory for future expansion and market leadership,» Sitapati said, adding
