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Business News/ Companies / Gillette India profit falls 40% to `11.04 crore
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Gillette India profit falls 40% to `11.04 crore

The firm however saw its total income from operations go up 21% to `426.97 crore from `352.24 crore a year ago

Photo: Pradeep Gaur/MintPremium
Photo: Pradeep Gaur/Mint

Reporting its worst fall in profitability in 10 quarters, Gillette India Ltd, owned by consumer products giant Procter and Gamble Co., on Monday said its net profit fell 40% to 11.04 crore for the period October- December, as expenses rose steeply on account of higher raw material costs and change in value of inventories.

The male-grooming brand however saw its total income from operations go up 21% to 426.97 crore from 352.24 crore a year ago.

The company said in a press statement, “Growth in sales was seen across all business segments-grooming, oral care and portable power."

Shares of Gillette India Ltd ended at 2,008 on BSE, down 1.89% from previous close while India’s benchmark Sensex Index fell 1.48% to close at 20,209.26 points.

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Published: 03 Feb 2014, 06:35 PM IST
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