On the PGHH call, Mrinalini Srinivasan, CFO, said that positive trends are finally emerging in the Indian fast-moving consumer goods (FMCG) industry, both in urban and rural areas
Shaving products maker Gillette India Ltd on Thursday reported a 26.4 per cent rise in profit after tax (PAT) to Rs 115.97 crore for the June quarter. The company, which follows the July-June financial year, had reported a profit of Rs 91.75 crore in the year-ago period, Gillette India Ltd (GIL) said in a BSE filing. Its revenue from operations increased 4.17 per cent to Rs 645.33 crore during the quarter under review from Rs 619.44 crore in the corresponding period a year earlier. The sales growth was "driven by a robust portfolio, strong brand fundamentals and superior retail execution", Gillette India said in an earnings statement, adding its PAT was helped by "strong sales growth in the current quarter". Gillette India's total expense was down 1.17 per cent to Rs 494.68 crore in the June quarter. Its revenue from the grooming segment was up 7 per cent to Rs 519.68 crore. Meanwhile, oral care was down 6.28 per cent to Rs 125.65 crore in the April-June period. The total income
Gillette India's topline growth jumped nearly 10 per cent to Rs 680.7 crore in Q4FY24, as opposed to Rs 619.1 crore in the same quarter a year ago (Q4FY23)
Consumer goods makers are increasingly facing strong competition from smaller manufacturers who are better equipped to occupy shelf space due to declining commodity prices
Gillette India also declared an interim dividend of 85 rupees per share for the financial year 2023-24, which includes a one-time special dividend of 40 rupees per share
Grooming products maker Gillette India on Tuesday reported 6.81 per cent increase in net profit at Rs 92.69 crore for the first quarter ended September 30, 2023. The company, which follows the July-June financial year, had reported a profit of Rs 86.78 crore in the year-ago period, according to a regulatory filing by Gillette India Ltd (GIL). Revenue from operations was up at Rs 667.55 crore during the quarter under review as against Rs 619.92 crore in the same quarter a year ago. The revenue growth was driven by "superior retail execution, strong brand fundamentals and its integrated growth strategy," said an earning statement from GIL. Its profit growth was led by premiumisation, deliberate productivity interventions, partially offset by a one-time expense. Excluding this one-time impact, operational Profit After Tax (PAT) was up 14 per cent versus a year ago, GIL said. Total expenses were at Rs 551.03 crore, up 9.62 per cent during the quarter. Revenue from the grooming segme
Shaving and oral cleaning products maker Gillette India Ltd on Tuesday reported 35.74 per cent rise in profit after tax (PAT) at Rs 91.75 crore for the fourth quarter ended June 2023 helped by sales growth and increased productivity. The company, which follows July-June financial year, had reported a profit of Rs 67.59 crore for the corresponding quarter of the preceding year. Revenue from operations increased 12.03 per cent to Rs 619.44 crore during the quarter under review as against Rs 552.89 crore a year ago, Gillette India said in a BSE filing. "PAT for the quarter was Rs 92 crore, up 36 pc versus year ago behind strong sales growth and productivity in the current quarter," said an earning statement from Gillette India. Total expenses in the quarter was at Rs 500.58 crore, up 8.30 per cent from the year-ago period. Total income of the company, which owns leading brands Gillette and Oral B - in the June quarter increased 12.59 per cent to Rs 624.22 crore. This was "driven by
The company's revenue from operation rose by 9.3 per cent to Rs 619 crore for the March quarter as compared to Rs 567 crore in the year-ago period
Shares of the company ended about 0.3% lower on Wednesday and about 4% in 2022
Gillette India, which is 75% owned by Procter & Gamble, said its net profit rose to 867.8 million rupees ($10.52 million) for the three months ended Sept. 30, from 819.3 million rupees a year earlier.
Shaving products maker Gillette India Ltd reported a 13.9 per cent decline in net profit to Rs 70.50 crore for the quarter ended in December 2021
The grooming products maker on Tuesday reported a 14.02 per cent decline in its net profit
Gillette India on Tuesday reported a 35 per cent rise in its net profit for the year ended June 30, 2021, at Rs 310 crore.
The National Housing Bank has imposed a monetary penalty on HDFC of Rs 4.75 lakh for non-compliance with certain provisions
The slowing down of shaving habits has had a deep impact on one brand that stands for shaving: Gillette
Companies accused of not passing on benefit of lower rates to consumer by increasing prices on intervening night of November 14 and 15 from when GST rate reduction was notified
Factors such as work-from-home, job losses, limited social events, indicate slower recovery
The company's board of directors has recommended a dividend of Rs 49 per equity share for the financial year ended June 30
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Trading at 77x, its trailing 12-month net profit against industry average of about 43x