Gillette India announces Q3 Net Profit at Rs.50.5 Crores

Gillette India Ltd has announced the following Unaudited results for the quarter ended September 30, 2006:

The Company has posted a net profit of Rs 505.00 million for the quarter ended September 30, 2006 as compared to Rs 193.30 million for the quarter ended September 30, 2005. Total Income (net of excise) has decreased from Rs 1218.50 million for the quarter ended September 30, 2005 to Rs 1050.00 million for the quarter ended September 30, 2006.

Mr. Zubair Ahmed, Managing Director, of the Company, said "Business trends need to be seen beyond this quarter’s numbers with the longer term perspective and in keeping with the enormity of the task of integrating the organizations and distribution structures. The six months post integration show growth versus last year both on the top and bottom line and shares are showing good recovery in all categories in just the second quarter post integration. This recovery is behind steady improvement in retailing every month of this quarter, driven by a continued focus on strategic growth drivers."

Source : Equity Bulls

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