Gillette India Ltd posted a 21.18% jump in net profit for the October-December 2024 quarter, reaching ₹125.97 crore, compared to ₹103.95 crore in the same period last year. The company, which follows a July-June financial year, attributed its growth to strong brand performance and consumer demand.
Revenue from operations grew 7.21% to ₹685.55 crore, up from ₹639.46 crore a year ago, according to its BSE filing. However, total expenses rose 4% to ₹527.60 crore, reflecting increased costs.
Continue Exploring: NONSTOP launches first flagship store in Mumbai, offering mobility and wellness solutions
Gillette’s grooming segment—which includes razors, blades, and shaving products—continued to be its primary driver, posting an 11% revenue increase to ₹570.64 crore. However, its oral care division, which includes toothbrushes and toothpaste, saw an 8.25% decline, bringing in ₹114.91 crore for the quarter.
The company’s total income stood at ₹694.74 crore, marking a 7.43% year-on-year growth. Gillette India credited its strong performance to brand strength, successful product innovations, and effective retail strategies.
In a separate announcement, Gillette India’s board approved an interim dividend of ₹65 per share (on a ₹10 face value), rewarding shareholders for the company’s continued growth.
Continue Exploring: The End of a Retail Era: Neville Noronha Checks Out, Anshul Asawa Checks In
Despite the positive earnings report, shares of Gillette India closed at ₹8,853.40 on the BSE, down 0.74% from the previous session. Analysts will be watching closely to see how the company navigates market conditions, particularly in its struggling oral care division.
