Shaving products maker Gillette India on Tuesday reported a 39.62 per cent increase in profit to Rs 103.95 crore for the second quarter ended December 2023, pushed 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 grew 3.36 per cent to Rs 639.46 crore during the quarter under review as against Rs 618.62 crore a year ago, the company said in its 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 rose around 40 per cent largely driven by productivity interventions, product price mix and moderating cost inflation.
Gillette India‘s total expenses fell 1.45 per cent 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, was up 4 per cent to Rs 646.65 crore.
The business also declared an interim dividend of Rs 85 per equity share for the fiscal year 2023-24, which includes a one-time special payment of Rs 40 per equity share to mark 40 years in India.
