Godrej Consumer Products Ltd announced on Monday that its board of directors has approved a capital investment of Rs 900 crore for the establishment of new production facilities in Tamilnadu and Madhya Pradesh.

According to a stock exchange filing, the production sites are planned to open in 18-36 months and will be funded through a combination of internal accruals and loans.

With this increased investment, Godrej Consumer Products intends to increase capacity in these categories by about 20%. The company already has current capacity in the home care and personal care categories, with capacity utilisation ranging between 75 and 80 percent.

Due to expenses paid on unusual events, Godrej Consumer Products' consolidated net profit fell 7.62 percent to Rs 318.82 crore in the June quarter.

However, revenue from the sale of products of Godrej group's FMCG arm was up 10.45 percent at Rs 3,417.86 crore during the first quarter of the current fiscal against Rs 3,094.31 crore a year ago, Godrej Consumer Products Ltd (GCPL) said.