Gillette India Q3 net up 15% at Rs 27 cr

Net sales of the company rose to Rs 356 cr for the third quarter, against Rs 317 cr in the same period of last year

FMCG major Gillette India today posted 14.98% increase in its net profit at Rs 27.16 crore for the third quarter ended March 31, 2013 on the back of strong sales across various business verticals.

The company had posted a net profit of Rs 23.62 crore in the same period of 2012, Gillette India Ltd (GIL) said in a filing to the BSE.

"The profit increase was driven by growth in Gillette Guard, continued growth in Oral B and Duracell, as well as pricing," it added.

Net sales of the company rose to Rs 356.54 crore for the third quarter, against Rs 317.75 crore in the same period of last year.

"GIL is executing its proven business model of delivering value to consumers combined with effective pricing and cost control which is helping us deliver consistent top and bottom line growth," GIL Managing Director Shantanu Khosla said.

For the nine months ended March 31, 2013, the company posted a net profit of Rs 70.69 crore, against Rs 62.01 crore during the same period of previous year.

Shares of Gillette India were trading at Rs 2,080 on the BSE in late afternoon trade, down 0.70% from its previous close.