India's Godrej Consumer mulls more gradual price hikes for soaps
India's Godrej Consumer Products will keep raising prices of its soaps gradually to protect margins amid rising palm oil prices, the consumer goods maker's top boss said on Monday. Palm oil prices have surged in recent months due to floods in top producers Indonesia and Malaysia, forcing consumer goods makers, including Dove soapmaker Hindustan Unilever and Cinthol owner Godrej Consumer, to raise prices.