Stock Report

Gillette India Ltd announces first quarter results

Posted On : 2022-11-04 11:38:45( TIMEZONE : IST )

Gillette India Limited (GIL) announced today its financial results for the quarter ended September 30, 2022. In a challenging macro-economic environment, the company delivered sales of ₹ 620 crores, up 8% vs year ago behind strong brand fundamentals, strength of product portfolio and improved retail execution, leading to market share growth. Profit After Tax (PAT) was ₹ 87 crores, up 6% vs year ago behind premiumization and deliberate productivity interventions. Compared to the corresponding pre-covid quarter three years ago, company sales are up 34% and PAT is up 41%.

LV Vaidyanathan, Managing Director, Gillette India Ltd. said, "Despite continued macroeconomic challenges and significant headwinds, we have started the fiscal on a strong note with sales and profit both growing. We remain committed to our integrated strategies, which have enabled us to build and sustain strong momentum. As the nearterm continues to be marked by cost and operating challenges, we remain focused on productivity and innovation to drive balanced top and bottom-line growth."

In the quarter, our Grooming brand Gillette upgraded different parts of the portfolio like Gillette Fusion and Gillette Guard, across different consumer-relevant aspects - Superior product, packaging, and proposition. Gillette's female grooming brand Venus expanded the reach of its premium offering - Gillette Venus Snap, by making it available across more markets and more stores. Through the quarter, along with being a force for growth, Gillette continued to be a Force for Good with its 'Safalta Mutthi Mein' initiative, that works towards imparting soft skills & grooming tips to India's youth and has impacted more than 50 lakh youth across 15 states since its inception. Oral B also strengthened its portfolio by introducing product innovation in its premium Power Oral care line-up - Oral B Pro3 and Oral B Vitality.

Shares of Gillette India Limited was last trading in BSE at Rs. 5162.00 as compared to the previous close of Rs. 5155.00. The total number of shares traded during the day was 249 in over 193 trades.

The stock hit an intraday high of Rs. 5220.55 and intraday low of 5154.65. The net turnover during the day was Rs. 1292398.00.