Gillette India PAT up 26.4 percent to Rs 116 crore in June quarter
Gillette India Ltd reported a 26.4% increase in profit after tax (PAT) to Rs 115.97 crore for the June 2024 quarter. The company's revenue from operations rose 4.17% to Rs 645.33 crore, driven by robust sales in its grooming segment.
Shaving products maker Gillette India Ltd on Thursday reported a 26.4 percent rise in profit after tax (PAT) to Rs 115.97 crore for the June quarter. The company, which follows the July-June financial year, had reported a profit of Rs 91.75 crore in the year-ago period, Gillette India Ltd (GIL) said in a BSE filing. Its revenue from operations increased 4.17 percent to Rs 645.33 crore during the quarter under review from Rs 619.44 crore in the corresponding period a year earlier.
The sales growth was "driven by a robust portfolio, strong brand fundamentals, and superior retail execution", Gillette India said in an earnings statement, adding its PAT was helped by "strong sales growth in the current quarter".Gillette India's total expense was down 1.17 percent to Rs 494.68 crore in the June quarter. Its revenue from the grooming segment was up 7 percent to Rs 519.68 crore. Meanwhile, oral care was down 6.28 percent to Rs 125.65 crore in the April-June period.
The total income of GIL, including other income, was up 4.11 percent to Rs 649.91 crore.GIL's PAT for the financial year, which ended on June 30, 2024, was up 15.75 percent to Rs 411.70 crore. Its revenue from operations for the financial year was up 6.3 percent to Rs 2,633.085 crore. Besides, GIL's directors have recommended a final dividend of Rs 45 per equity share for the financial year ended June 2024, which will be subject to the approval of shareholders in AGM. Shares of Gillette India Ltd on Tuesday were at Rs 8,993.90 on the BSE, up 0.24 percent from the previous close.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
08:10 PM IST