Gillette India Ltd Reports 26.4% Rise in Quarterly PAT

Gillette India Ltd reported a 26.4% increase in profit after tax (PAT) to Rs 115.97 crore for the June quarter, compared to Rs 91.75 crore in the same period last year. Revenue from operations rose by 4.17% to Rs 645.33 crore. The company’s total expenses decreased by 1.17% to Rs 494.68 crore.

Shaving products maker Gillette India Ltd on Thursday announced a 26.4 percent rise in profit after tax (PAT), reaching Rs 115.97 crore for the June quarter, up from Rs 91.75 crore in the corresponding period last year, according to a BSE filing.

The company, operating on a July-June financial year, also reported a 4.17 percent increase in revenue from operations to Rs 645.33 crore, compared to Rs 619.44 crore the previous year. Gillette attributed the sales growth to a robust portfolio, strong brand fundamentals, and superior retail execution.

In its earnings statement, the company noted that the PAT rise was driven by strong sales growth during the quarter. Meanwhile, total expenses fell by 1.17 percent to Rs 494.68 crore. Despite a 7 percent increase in revenue from the grooming segment to Rs 519.68 crore, the oral care segment saw a decline of 6.28 percent to Rs 125.65 crore. GIL's total income, including other income, rose by 4.11 percent to Rs 649.91 crore. The board recommended a final dividend of Rs 45 per equity share for the fiscal year ending June 2024, subject to shareholder approval at the AGM. Gillette's shares were last trading at Rs 8,993.90 on the BSE, up 0.24 percent.

(With inputs from agencies.)