Godrej Consumer Products Limited announced that at its board meeting held on August 7, 2024, approved the entry of the company into a new business viz. Pet Care, through one of its subsidiary. The new line of business for the company falls in Pet Foods.

Expected benefits: The expected benefits of venturing into the new line of business: Diversification of Revenue Streams: Pet Foods is a INR 50,000 million Category, with a potential of strong double-digit growth for the next few decades. Estimated amount to be invested: GCPL will invest INR 5,000 million over a period of 5 years in one of its subsidiary company. Plan to commence production in second half of fiscal year 2026.