Gillette India’s total expenses declined 1.45% to Rs 507.61 crore in the December quarter
New Delhi: Shaving products maker Gillette India Ltd on Tuesday reported a 39.62% rise in profit to Rs 103.95 crore for the second quarter ended December 2023, helped by productivity interventions and moderation of inflation.
The company, which follows the July-June financial year, had reported a profit of Rs 74.45 crore in the year-ago period.
Its revenue from operations increased 3.36% to Rs 639.46 crore during the quarter under review as against Rs 618.62 crore a year ago, Gillette India said in a regulatory filing.
This was “driven by a robust portfolio, superior retail execution and strong brand fundamentals,” the company said in its earnings statement.
Its profit grew around 40% largely driven by productivity interventions, product price mix and moderating cost inflation.
Gillette India’s total expenses declined 1.45% to Rs 507.61 crore in the December quarter.
Its revenue from the grooming segment was Rs 514.21 crore and Rs 125.25 crore from the oral care segment in the October-December period.
During the quarter, the total income of the company, which owns leading brands Gillette and Oral B, climbed 4% to Rs 646.65 crore.
The company also announced an interim dividend of Rs 85 per equity share for the financial year 2023-24, which includes a one-time special dividend of Rs 40 per equity share to commemorate 40 years in India.
Shares of Gillette India Ltd settled at Rs 6,714.35 apiece on BSE, up 3.59% from the previous close.
