Gillette India Ltd. announces first quarter results

Gillette India Limited (GIL) has announced its financial results for the quarter ended September 30, 2023. The Company delivered a balanced growth during the quarter with sales of ₹668 crore, up 8% vs year ago driven by superior retail execution, strong brand fundamentals and its integrated growth strategy. The Company reported Profit After Tax (PAT) at ₹ 93 crores, up 7% vs year ago led by premiumization, deliberate productivity interventions, partially offset by a one-time expense. Excluding this one-time impact, operational Profit After Tax (PAT) was up 14% versus year ago.

LV Vaidyanathan, Managing Director, Gillette India Ltd. said,"We have started the fiscal on a balanced note, with an encouraging top-line and bottom-line growth. This sequential growth comes behind strong execution of our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization structure. We remain committed to these strategies in the near-term, to continue driving a balanced top and bottom-line growthin a competitive macro-economic environment."

Shares of Gillette India Limited was last trading in BSE at Rs. 6127.15 as compared to the previous close of Rs. 6215.85. The total number of shares traded during the day was 1559 in over 530 trades.

The stock hit an intraday high of Rs. 6285.00 and intraday low of 6011.25. The net turnover during the day was Rs. 9597468.00.

Source : Equity Bulls

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GilletteIndia INE322A01010 ResultUpdate