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Tag: Perfume Soap Godrej Consumer Products Ltd (GOCP.BO: Quote, Profile, Research), which owns brands 'Cinthol' and 'Godrej No 1', may increase prices of soaps if vegetable oil prices continue to rise, its top official said on Monday.It hiked soap prices by 5-8 percent in the first and third quarter of the year ended March 2008 due to the rise in vegetable oil prices."There is a possibility, if vegetable oil prices continue to rise, of one more price increase in the soap category." Chairman Adi Godrej said."We don't see price increases in other categories," he said, adding that he expects inflationary pressures to be less this year over last year.Godrej Consumer is strengthening its hair care product portfolio and is looking to buy such companies overseas. During the last quarter of FY08, it completed buying South African brand 'Kinky,' which sells hair pieces and wigs.In the meantime, the firm is eyeing consumer goods firms in India and plans to acquire one or two companies a year, he said."We are very buoyant with the growth of the company."During the quarter, Godrej Consumer relaunched its powder hair dye as 'Godrej Expert Hair Dye' with perfume and conditioner, adding that the product's market share climbed 2 percentage points higher in March from February.