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Gillette India Ltd.

BSE: 507815 Sector: Consumer
NSE: GILLETTE ISIN Code: INE322A01010
BSE 00:00 | 14 Nov 6561.70 34.20
(0.52%)
OPEN

6587.65

HIGH

6587.65

LOW

6492.05

NSE 00:00 | 14 Nov 6546.10 -1.50
(-0.02%)
OPEN

6552.00

HIGH

6552.00

LOW

6495.20

OPEN 6587.65
PREVIOUS CLOSE 6527.50
VOLUME 121
52-Week high 7196.90
52-Week low 5808.70
P/E 92.96
Mkt Cap.(Rs cr) 21,385
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6587.65
CLOSE 6527.50
VOLUME 121
52-Week high 7196.90
52-Week low 5808.70
P/E 92.96
Mkt Cap.(Rs cr) 21,385
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gillette India Ltd. (GILLETTE) - Company History

Gillette India Ltd is one of the well-known FMCG companies in India that deals in some of the world leading brands GILLETTE and ORAL-B. The company's principal activity is to manufacture and market consumer products. Their manufacturing facilities are located at Bhiwadi in Rajasthan and Baddi in Himachal Pradesh.The company operates in two segments namely Personal Grooming and Oral Care. Personal Grooming segment includes blades razors and toiletries. Oral Care segment includes toothbrushes and oral care products. Gillette India Ltd formerly known as Indian Shaving Products Ltd was incorporated in the year 1984. During the year 1990-91 the company completed the capacity expansion for manufacturing of 7 O'clock Ejtek PII Twin Blade Shaving System. In February 1993 the company commenced the launch of Gillette Shaving Products in India with the launch of Gillette Presto Readyshaver. During the year 1995-96 the company launched Readyshaver under the Brand Name of 7 O'clock Ready II. They also launched toothbrushes in the well-known international brand name Oral B under a distribution agreement.In January 2000 Duracell (India) and Wilkinson Sword India merged with the company and was renamed as Gillette India Ltd. In the year 2001 the company launched the Gillette Series Arctic Ice Line of products and undertook a series of very successful consumer promotions across product lines. They also launched the Gillette Series Satin Care for Women Wild Berry Line the Cool Blue Mach 3 and Gillette Centennial Packs during the year.In the year 2003 the company launched Power Oral Care toothbrushes Ultra M 3 AA batteries and Gillette Vector Plus. In the year 2004 they launched the next generation triple blade shaving system Gillette Mach3 Turbo. Also they launched new Gillette Series Tube Shave Gel variants namely Sensitive Skin and Moisturising to suit different skin types.In October 2005 the Procter & Gamble Company USA acquired the Gillette Company USA creating the largest consumer products company in the world. In India the company while continuing as a separate legal entity will also be part of the Procter & Gamble Company USA. The company operated under P&G's unique & proven structure of Global Business Unit (GBU) Market Development Organization (MDO) Global Business Services (GBS) and work process which gave P&G's competitive advantage.During the year 2006-07 the company set up a new manufacturing facility at Baddi in Himachal Pradesh for manufacturing and packaging operations of blades and razors. This unit commenced their production in March 2007.On 20 June 2007 Gillette India informed the stock exchanges that the company has sold its immovable property namely its General Offices at 5 to 9 floors at Global Business Park Tower A Mehrauli Gurgaon Road Gurgaon for a total sum of Rs 72.75 crore. The Book Value of the said immovable property is Rs 30.54 crore as on 31 May 2007.Gillette Guard the Entry Level razor specially designed for low-income group consumers was launched in October 2010.On 21 November 2013 Gillette India informed the stock exchanges that the company has received two letters dated 19 November 2013 from Procter & Gamble India Holdings B.V. (PGIHBV) a promoter of the company and the Poddar Heritage Group (representing promoter/promoter group individuals and entities under the Poddar Heritage Group) (collectively the Sellers) intimating that the Sellers have completed the offer for sale of 28.57 lakh equity shares of the company through the Stock Exchange Mechanism on 13 November 2013 the settlement for which has been completed on 19 November 2013. During the financial year ended 30 June 2014 the company launched New Gillette Vector-3 in the Mid-Tier Blades & Razor segment. The company also expanded its Female Hair Removal (FHR) portfolio with the launch of New Gillette Venus with 3-blades and soft protective cushions specially designed for women along with Satin Care Gel and Venus Oceana Disposables. On 7 November 2015 Gillette India announced that Procter & Gamble International Operations S.A. has informed the company that the company should continue to act as the distributor of `Duracell' batteries till 29 February 2016 or any other date agreed between the parties. Earlier Gillette India had received intimation from Procter & Gamble International Operations S.A. for termination of the distribution agreement for `Duracell' batteries with the company effective 29 January 2016. The Procter & Gamble Company U.S.A has decided to globally divest the business of Duracell. Gillette India has been acting as an authorized distributor of Duracell batteries pursuant to an arrangement entered into with its affiliate company Procter & Gamble International Operations S.A.During the financial year ended 30 June 2016 Gillette brought to India its most advanced razor Fusion Pro Glide with Flexball Technology. During the financial year ended 30 June 2017 Oral-B toothbrush brand launched electric rechargeable toothbrushes.