Gillette India announces Q2 results

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

The Company has posted a net profit after provision for taxation of Rs 59.20 million for the quarter ended June 30, 2006 (Q2 FY 06-07) as compared to Rs 175.70 million for the quarter ended June 30, 2005 (Q2 FY 05-06). Total Income (net of excise) has increased from Rs 1166.70 million in Q2 FY 05-06 to Rs 1475.60 million for Q2 FY 06-07.

Mr. Zubair Ahmed, Managing Director said "the high 24% growth in sales is testimony to our relentless focus on building our brands. Our transition to the new organization and sales and distribution structure is going as per the Plan and so far transition has been smooth and results are ahead of plan. We continue to believe that the savings and benefits resulting from the restructure are expected to outweigh the cost in the long run."

Source : Equity Bulls

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