Strong Q4 earnings give boost to Gillette India

Gillette India rose 2.98% to Rs 5,000 at 13:05 IST on BSE after net profit rose 334.54% to Rs 72.83 crore on 12.75% growth in total income from operations (net) to Rs 540.91 crore in Q4 June 2015 over Q4 June 2014.

The Q4 result was announced on Saturday, 29 August 2015.

Meanwhile, the S&P BSE Sensex was up 31.38 points or 0.12% at 26,423.76.

On BSE, so far 1,905 shares were traded in the counter as against average daily volume of 1,459 shares in the past one quarter.

The stock was volatile. The stock surged as much as 7.06% at the day's high of Rs 5,198.40 so far during the day. The stock rose 2.06% at the day's low of Rs 4,955.55 so far during the day. The stock had hit a record high of Rs 5,649.95 on 5 August 2015. The stock had hit a 52-week low of Rs 2,560 on 28 August 2014.

The stock had outperformed the market over the past one month till 28 August 2015, declining 0.99% compared with Sensex's 3.89% fall. The scrip had also outperformed the market in past one quarter, surging 8.26% as against Sensex's 4.05% fall.

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

Gillette India's bottom line in Q4 June 2015 was boosted by one-time facilitation income of about Rs 63 crore before tax related to the discontinuation of the Duracell business distributorship.

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

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