Gillette India Shares Jump 10% Post Strong Q4 Numbers
7 months, 3 weeks ago

Gillette India Shares Jump 10% Post Strong Q4 Numbers

News 18  

Shares of Gillette India climbed 9.95 per cent to hit an intraday high of Rs 6,827.45 per share on Tuesday, after reporting a strong set of quarter-ending March results. Gillette India, known for its Mach 3 brand of shaving razors, reported a profit of Rs 99.09 crore for the January-March quarter, which was 3.5 per cent lower, compared with Rs 103 crore a year earlier. Revenue from Gillette’s core grooming segment, which accounts for 82 per cent of the total, rose nearly 10 per cent to Rs 680.74 crore, while the cost of raw materials consumed fell 6.3 per cent. Additionally, the company delivered sales of Rs 681 crore, up 10 per cent annually, driven by superior innovations across the portfolio, and strong brand fundamentals.

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