Personal Products company Gillette India announced Q1FY24 results: Sales of Rs 668 crore, up 8% vs a year ago driven by superior retail execution, strong brand fundamentals, and its integrated growth strategy. The Company reported Profit After Tax (PAT) at Rs 93 crores, up 7% vs a year ago led by premiumization, and deliberate productivity interventions, partially offset by a one-time expense. Excluding this one-time impact, operational Profit After Tax (PAT) was up 14% versus a year ago. LV Vaidyanathan, Managing Director, Gillette India said, “We have started the fiscal on a balanced note, with an encouraging top-line and bottom-line growth. This sequential growth comes behind the strong execution of our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization structure. We remain committed to these strategies in the near-term, to continue driving a balanced top and bottom-line growth in a competitive macro-economic environment.” Result PDF
Personal Products company Gillette India announced Q3FY23 (year ending Jun'23) results: The company delivered sales of Rs 619 crore, up 9% vs a year ago behind strong brand fundamentals, strength of product portfolio, superior innovation, and improved retail execution The company continued to make sequential progress in profit growth with Profit After Tax (PAT) at Rs 103 crore, up 12% operationally vs a year ago Reported profit after tax was up 48% vs a year ago due to one-time tax impacts Gillette continues to maintain market leadership, recording the highest-ever share in Q3FY23 LV Vaidyanathan, Managing Director, Gillette India said, “We have continued to deliver strong growth in sales and profit, despite a challenging operating environment. We remain committed to our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organizational structure. These strategies build on each other and have collectively aided us in driving and sustaining a strong momentum. Our team’s strong execution of these strategies has enabled four quarters of consistent sales and profit growth. We’re confident they remain the right strategies to deliver balanced growth and value creation going forward.” Result PDF
Personal products firm Gillette India announced Q3FY23 results: Q3FY23: The company reported sales of Rs 619 crore up 10% vs a year ago. Profit After Tax (PAT) was Rs 74 crore, up 6% vs a year ago. This is the third consecutive quarter of topline and bottom-line growth. Compared to the corresponding pre-covid quarter three years ago, the company has made significant progress with sales up 35%. LV Vaidyanathan, Managing Director, Gillette India Ltd. said, “For the third consecutive quarter, we have delivered profitable growth in a challenging environment, driven by our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization. These strategies build on each other and have collectively aided us in driving and sustaining a strong momentum, thereby setting us up for sequential growth in the quarter. While cost and operating challenges continue in the near-term, we remain focused on our endeavour of driving a balanced top and bottom-line growth.” Result PDF