Gillette India reported a strong set of quarterly numbers, with net profit rising 21.4% year-on-year to ₹192.5 crore compared with ₹158.6 crore in the corresponding quarter last year. The company also posted steady revenue growth and improved profitability during the quarter.
Revenue from operations for the quarter stood at ₹792 crore, registering a 3.2% increase from ₹767.5 crore reported in the year-ago period.
Operational performance remained healthy during the quarter as EBITDA increased 23% year-on-year to ₹277.3 crore from ₹226 crore in the corresponding period last year. EBITDA margin expanded significantly to 35% from 29.4% a year earlier, indicating improved operating efficiency and profitability.
The improvement in margins outpaced revenue growth, reflecting stronger operating leverage during the quarter. The company delivered double-digit growth in both profit and operating earnings despite relatively moderate top-line growth.
Meanwhile, shares of Gillette India were trading higher by 6.3% at ₹8,389.50 on the NSE at the time of publishing this article. The stock touched an intraday high of ₹8,433.50 during the session.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.