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Gillette India firms up after Q2 PAT jumps 32%

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Gillette India gained 1.47% to Rs 6499.99 after the FMCG major announced decent Q2 numbers during market hours today, 13 February 2020.

The company's net profit jumped 31.64% to Rs 71.07 crore in Q2 December 2019 as against Rs 53.99 crore posted in Q2 December 2018. Profit before tax (PBT) for Q2 December 2019 stood at Rs 89.92 crore, rise by 1.4% from Rs 88.68 crore reported in Q2 December 2018.

Net sales declined 3.42% to Rs 459.31 crore in Q2 December 2019 over Q2 December 2018, due to market slowdown and trade inventory correction.

Commenting on company's Q2 performance, Madhusudan Gopalan, Managing Director, Gillette India said, In a challenging macro-economic environment, we delivered a resilient quarter by raising the bar on superiority, improving productivity, and strengthening the organization culture. Despite market challenges, the business grew as Gillette achieved it's highest-ever share and strong offtake growth. We will continue to focus on adding new users and invest on innovation across our portfolio.

Gillette India is engaged in the manufacturing and sale of branded packaged fast moving consumer goods in the grooming, portable power and oral care businesses. The firm's segments are: grooming, portable power and oral care.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 13 2020. 14:49 IST