With increased costs of raw materials, leading Indian soap makers have hiked prices of soaps.
Hindustan Unilever Ltd. opted for an increase across a range of stock-keeping units of 3 percent
in December whereas Godrej Consumer Products Ltd. opted for 5 percent in October. As per
Bloomberg data, the cost of the key raw material used in soap making, palm fatty acid distillate
surged to nearly 47% over 2020 to $880 per tonne. The companies had increased the prices of
soaps last in January 2020.