Gillette India Q3 profits increased by 32% at Rs 71 crores
On Thursday, FMCG company Gillette India has posted a 31.63% increase in its profit after tax (PAT). So then, this stood about Rs 71.07 crores for the quarter ended Dec 31, 2019. Besides, the company, which follows July-June financial year, has reported a PAT of Rs 53.99 crores. However, this remained for October-December 2018.
Despite this, its net sales went down 3.43% to Rs 459.31 crores during the quarter under reviews. So then, this stood against Rs 475.66 crores in the year-ago period.
According to the company, this happened due to market slowdown and trade inventory correction.
However, its revenue from the grooming segment remained Rs 344.81 crores. So then, this came up against Rs 373.22 crores in the corresponding quarter a year ago. While revenue from oral care stood at Rs 114.50 crores as against Rs 102.44 crores.
Mr. Madhusudan Gopalan, MD stated that they have delivered a resilient quarter by raising the bar on the superiority. Also, they have improved productivity and strengthening the organization’s culture. He also added despite market challenges, the business grew ahead of the market. And so, achieved its highest share and strong offtake growth.
Besides, the total expenses of the company stood at Rs 373.76 crores as against Rs 391.03 crores previously. Also, it stood down with 4.41%. Shares of Gillette India traded at Rs 6,326.60 apiece, down 1.23% on the Bombay Stock Exchange.