Gillette India’s Profit After Tax (PAT) saw an increase due to strategies focused on premium products and improved productivity, although it was partially offset by a one-time expense. Excluding this one-time factor, the operational PAT showed a 14 per cent growth compared to the previous year. The company’s revenue from operations for the quarter ending on 30 September 2023, went up by 7.68 per cent year-on-year, reaching Rs 667.55 crore. The Profit Before Tax for the September quarter amounted to Rs 125.16 crore, which is a 4.33 per cent increase from the Rs 119.96 crore reported in the same quarter of the previous year.
During the quarter, the company’s revenue from the Grooming sector reached Rs 527.47 crore, showing a 7.78 per cent year-on-year increase, while the revenue from Oral Care stood at Rs 140.08 crore, reflecting a 7.32 per cent year-on-year growth.
The company achieved balanced growth during the quarter, with sales reaching Rs 668 crore, marking an 8 per cent increase compared to the previous year. This growth was driven by effective retail execution, strong brand fundamentals, and the successful implementation of the integrated growth strategy.
LV Vaidyanathan, Managing Director of Gillette India, commented, “We have started the fiscal year on a positive note, with encouraging growth in both top-line and bottom-line. This sequential growth is the result of our successful execution of integrated strategies, including a focused product portfolio, commitment to excellence, improved productivity, constructive innovation and the adoption of an agile and accountable organisational structure. We are committed to continuing these strategies in the near-term to sustain balanced growth in both top and bottom-line in a competitive macro-economic environment.”
Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power, and oral care sectors.
