Gillette India rises 4% as sales recover to pre-Covid levels in June, July

The company's board of directors has recommended a dividend of Rs 49 per equity share for the financial year ended June 30

Shares of Gillette India gained 4.16 per cent to Rs 5,752.60 on the BSE on Thursday after the company announced results for the quarter ended June 30, 2020. The company's net profit dipped 1.85 per cent year-on-year (YoY) to Rs 44.97 crore, owing to "a one-time hurt in the corresponding quarter of the previous year".

The company, which follows July-June financial year, reported total income of Rs 352.74 crore for the quarter, down 24.36 per cent from 466.39 crore in the year-ago quarter. However, the company said its sales had seen a sharp recovery in June and July to pre-Covid