Gillette India Ltd. announces third quarter results

Gillette India Limited (GIL) announced today its financial results for the quarter ended March 31, 2024. The Company delivered sales of ₹681 crore, up 10% vs year ago driven by superior innovations across the portfolio, and strong brand fundamentals.

Profit After Tax (PAT) stood at ₹ 99 crores, up 20% operationally fueled by top-line growth, continued premiumization and productivity interventions. Reported profit after tax was down 4% vs year ago due to one-time tax impacts in the base and current quarters.

LV Vaidyanathan, Managing Director, Gillette India Ltd. shared, "We continue to deliver strong top line and share growth driven by our teams' excellent execution of our integrated growth strategy. We remain committed to a focused product portfolio of daily use categories where performance drives brand choice, superiority - across product performance, packaging, brand communication, retail execution and consumer and customer value - productivity, constructive disruption, and an agile and accountable organization. We are confident that these strategies will continue to help us deliver balanced growth and value creation."

Shares of Gillette India Limited was last trading in BSE at Rs. 6209.25 as compared to the previous close of Rs. 6256.15. The total number of shares traded during the day was 1087 in over 381 trades.

The stock hit an intraday high of Rs. 6372.50 and intraday low of 6195.00. The net turnover during the day was Rs. 6813094.00.

Source : Equity Bulls

Keywords

GilletteIndia INE322A01010 Q3FY24 ResultUpdate