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
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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