Gillette India gained 2.25% to Rs 4,372 at 15:27 IST on BSE after net profit jumped 161.29% to Rs 81 crore on 12% rise in net sales to Rs 553 crore in Q3 March 2016 over Q3 March 2015.
The result was announced during market hours today, 5 May 2016.Meanwhile, the S&P BSE Sensex was up 136.85 points or 0.55% at 25,238.58.
On BSE, so far 14,881 shares were traded in the counter as against average daily volume of 2,434 shares in the past one quarter. The stock hit high of Rs 4,578.35 and low of Rs 4,259.20 so far during the day.
Gillette India said that the growth in sales was driven by the company's focus on brand fundamentals and strength of product portfolio. Net profit jumped as company was benefited from the portfolio optimization, even as it continues to focus on productivity and cost efficiency.
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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