Gillette’s stock jumped 5% in early trading, reaching a new 52-week high of ₹10,550. The stock opened at ₹10,024.50, hitting an intraday low at the same level before rallying to its peak. This surge aligns with Gillette’s impressive Q2 FY24 results, highlighting robust growth across key metrics.
The company reported a 17.1% year-on-year (YoY) increase in revenue, reaching ₹781.82 crore compared to ₹667.55 crore in Q2 last year. Net profit surged 43.4% YoY to ₹133.01 crore from ₹92.69 crore, demonstrating strong profitability. On a quarter-on-quarter (QoQ) basis, revenue saw a 21.1% rise from ₹645.33 crore in Q1 FY25.
This solid performance underscores Gillette’s continued momentum and resilience in the current market.
As of 9:30 am, Gillette shares were trading 4.32% higher at Rs 10,391.80 on the NSE.
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