Gillette India gains after robust Q3 outcome

Gillette India rose 1.15% to Rs 4,591.30 at 10:07 IST on BSE after net profit rose 262.70% to Rs 30.76 crore on 8.5% growth in net sales to Rs 493.68 crore in Q3 March 2015 over Q3 March 2014.

The result was announced after market hours on Friday, 8 May 2015.

Meanwhile, the BSE Sensex was up 246.28 points, or 0.91%, to 27,351.67.

On BSE, so far 3,693 shares were traded in the counter, compared with an average volume of 5,037 shares in the past one quarter.

The stock hit a high of Rs 4,874.90 and a low of Rs 4,581.75 so far during the day. The stock hit a record high of Rs 4,999 on 6 April 2015. The stock hit a 52-week low of Rs 1,850 on 12 May 2014.

The stock had underperformed the market over the past one month till 8 May 2015, falling 7.15% compared with 5.58% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 37.38% as against Sensex's 5.62% fall.

The large-cap company has an equity capital of Rs 32.59 crore. Face value per share is Rs 10.

Driven by the company's focus on innovation, net sales increased with robust growth across all segments. Net profit increased due to continued focus on operational excellence, the company said in a statement.

Sales in Grooming segment were up 9% versus year ago, driven by strong brand fundamentals and product portfolio. Oral Care segment delivered sates growth of 6% versus last year driven by superior value propositions and strong mix. Sales in the Portable Power business were up 4%, versus year ago behind strength of product portfolio, the company added.

Gillette India is one of India's well-known FMCG companies that deals in some of the world leading brands such as-Gillette, Oral-B and Duracell.

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