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Gillette stock: Investors should wait for some signs of sales recovery

Factors such as work-from-home, job losses, limited social events, indicate slower recovery

Gillette
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The company earns over 75 per cent of its revenues from the male grooming segment

Shreepad S Aute New Delhi
The stock of Gillette India (Gillette) has gained over 7 per cent since the start of August, outperforming the Nifty FMCG index, which has fallen 5 per cent during the same period. While the stock’s underperformance to the sectoral index since March lows (the stock is up 16 per cent since March lows, against a 22.3 per cent rise in the Nifty FMCG index) partly explains its recent rally, the easing of the lockdown and partial resumption of offices have revived investor sentiment towards the stock. Analysts, however, believe the business recovery for Gillette will take time.

According to Rajeev Anand,

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First Published: Sep 22 2020 | 8:16 PM IST

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