Gillette India gains after strong Q1 earnings

Gillette India rose 1.03% to Rs 4,420 at 15:10 IST on BSE after net profit rose 77% to Rs 55 crore on 8% increase in net sales to Rs 419 crore in Q1 September 2016 over Q1 September 2015.

The result was announced during trading hours today, 1 December 2016.

Meanwhile, the BSE Sensex was down 54.81 points, or 0.21%, to 26,598.

On BSE, so far 4,125 shares were traded in the counter, compared with average daily volume of 546 shares in the past one quarter. The stock hit a high of Rs 4,526.80 and a low of Rs 4,320.05 so far during the day. The stock hit a 52-week high of Rs 4,888 on 9 August 2016. The stock hit a 52-week low of Rs 3,805 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 November 2016, rising 2.17% compared with the 4.39% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 1.69% as against Sensex's 6.23% decline.

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

Gillette India (GIL) said it benefited from portfolio optimization, even as it continues to focus on productivity and cost efficiency.

The company said its sales in grooming segment grew 12% in Q1 September 2016 over Q1 September 2015, driven by strong brand fundamentals and product portfolio.

The company said its sales in oral care segment declined 6% in Q1 September 2016 over Q1 September 2015, behind portfolio optimization to enable profitability.

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

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