Gillette India gains after Q3 earnings

The company announced Q3 results during trading hours today, 25 April 2013.

Meanwhile, the S&P BSE Sensex was up 68.24 points or 0.36% at 19,247.60.

On BSE, 1,385 shares were traded in the counter as against average daily volume of 175 shares in the past two weeks.

The stock hit a high of Rs 2,180.90 and a low of Rs 2,060 so far during the day.

Gillette India said that the growth in sales in its Blades & Razors, Oral Care and Batteries businesses was driven by investment behind marketing programs and distribution expansion that grew the categories and served more consumers. The increase in net profit in Q3 March 2013 was driven by growth on Gillette Guard, continued growth on Oral B and Duracell, as well as pricing, the company said in a statement.

Commenting on the company's Q3 performance, Mr. Shantanu Khosla, MD, Gillette India said, "Gillette India has achieved strong sales for the quarter ended 31 March 2013 behind sales & marketing initiatives like Gillette Salutes the Soldier in You and Smile India Movement 3, as well as our efforts to reach out to more rural consumers with propositions like Gillette Guard. Gillette is executing its proven business model of delivering value to the consumers combined with effective pricing and cost control which is helping us deliver consistent top and bottom-line growth. With our flagship CSR program P&G Shiksha, we continue to invest behind our commitment to touch and improve the lives of more consumders in India".

Gillette India is a leading company in the personal grooming segment.

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