Gillette India, on Thursday, posted a net profit of Rs 103 crore for the March quarter due to strong brand fundamentals, strength of product portfolio, and improved retail execution. This is 48 per cent rise from Rs 69.31 crore a year ago, the company statement said.
Gillette India said in a BSE filing, “The company’s revenue from operation rose by 9.3 per cent to Rs 619 crore for the March quarter as compared to Rs 567 crore in the year-ago period.
Gillette India said in a BSE filing, “The company’s revenue from operation rose by 9.3 per cent to Rs 619 crore for the March quarter as compared to Rs 567 crore in the year-ago period.
The manufacturer of Oral B toothbrushes, Gillette India, stated in a regulatory filing that “total expenditures grew nearly 11% in a ‘difficult’ cost environment. Income tax costs, however, more than halved to Rs 20.17 crore
Over three-fourths of the company’s sales comes from its staple grooming business, which had a 10% revenue growth. Oral care saw a roughly 7% revenue gain.
Gillette India said in a BSE filing, “The company’s revenue from operation rose by 9.3 per cent to Rs 619 crore for the March quarter as compared to Rs 567 crore in the year-ago period.
In advance of the results, Gillette India’s stock finished Thursday with a 0.12% loss. In the January-March quarter, it dropped 14% while the benchmark Nifty FMCG Index increased 4%.
“Despite a difficult operating climate, we have continued to generate substantial growth in sales and profit. According to LV Vaidyanathan, managing director of Gillette India Ltd., “We continue to be dedicated to our combined strategy of a focused product portfolio, quality, productivity, constructive disruption, and an agile and responsible organizational structure.
“These tactics complement one another and have helped us as a team to create and maintain a powerful momentum. Four quarters of steady sales and profit growth have been made possible by our team’s effective implementation of these tactics.
We are sure that they will continue to be the best methods for generating balanced growth and value in the future,” he added.