Home Food Gillette net profit drops 8 pc to Rs 34.62 cr in Apr-Jun

Gillette net profit drops 8 pc to Rs 34.62 cr in Apr-Jun

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FMCG major India has posted 8.09 percent decline in its net profit at Rs 34.62 crore for the fourth quarter ended on June 30, 2018.

Gillette net profit drops 8 pc to Rs 34.62 cr in Apr-Jun
Total income during the quarter under review stood at Rs 418.33 crore

The company, which follows July-June financial year, had posted a net profit at Rs 37.67 crore during April-June period a year ago, Gillette India said in a regulatory filing.

Total income during the quarter under review stood at Rs 418.33 crore. It was Rs 442.49 crore in the year-ago period.

Gillette’s total expenses were at Rs 365.88 crore in the quarter.

“Both grooming and oral care businesses delivered a strong comparable sales growth, ahead of market behind strong brand fundamentals, strength of the portfolio and improved in-store execution,” the company said in a statement.

For the financial year 2017-18, Gillette India’s net profit was down 9.49 percent at Rs 229.05 crore as against Rs 253.08 crore in 2016-17.

Its total income was at Rs 1,689.60 crore in 2017-18. It was Rs 1,826.06 crore in the previous fiscal.

The board of directors of the company at its meeting held today has declared a final dividend of Rs 23 per equity share of nominal value of Rs 10 for fiscal ended on June, 2018, the company said in a statement.