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
All that happened in the markets today
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
Gillette India net profit rises 32.3% at Rs 45.82 crore in June quarter
The company, which follows July-June financial year, had posted a net profit of Rs 547.5 million in the corresponding period of the previous financial year
The stock zoomed 13% to Rs 4,973, also its 52-week high on BSE.
Shares of Gillette India on Tuesday settled at Rs 4,580.00 on BSE, down 3.84 per cent from previous close