Gillette India Ltd. announces second quarter results

Gillette India Limited (GIL) has announced its financial results for the quarter ended December 31, 2022. The Company reported sales of Rs. 619 crores up 10% vs year ago behind the strength of our brands and product portfolio, superior innovation, and improved retail execution. Profit After Tax (PAT) was Rs. 74 crores, up 6% vs year ago behind strategic productivity interventions. This is the third consecutive quarter of topline and bottom-line growth. Compared to the corresponding pre-covid quarter three years ago, company has made significant progress with sales up 35%.

LV Vaidyanathan, Managing Director, Gillette India Ltd. said, "For the third consecutive quarter, we have delivered profitable growth in a challenging environment, driven by our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization. These strategies build on each other and have collectively aided us in driving and sustaining a strong momentum, thereby setting us up for sequential growth in the quarter. While cost and operating challenges continue in the near-term, we remain focused on our endeavor of driving a balanced top and bottom-line growth."

The Board of Directors declared an interim dividend of ? 35 on every equity share of ?10. The record date for the dividend will be February 9, 2023.

Shares of Gillette India Limited was last trading in BSE at Rs. 4869.90 as compared to the previous close of Rs. 4895.95. The total number of shares traded during the day was 150 in over 100 trades.

The stock hit an intraday high of Rs. 4925.00 and intraday low of 4858.00. The net turnover during the day was Rs. 732502.00.

Source : Equity Bulls

Keywords

GilletteIndia INE322A01010 Q2FY23 ResultUpdate