Gillette India third quarter net up 15% at Rs27 crore
The firm reports a net sale of Rs356.54 crore for the third quarter against Rs317.75 crore in the same period of last year
New Delhi: FMCG major Gillette India on Thursday posted 14.98% increase in its net profit at Rs27.16 crore for the third quarter ended 31 March 2013 on the back of strong sales across various business verticals.
The company had posted a net profit of Rs23.62 crore in the same period of 2012, Gillette India Ltd (GIL) said in a filing to the BSE.
“The profit increase was driven by growth in Gillette Guard, continued growth in Oral B and Duracell, as well as pricing," it added.
Net sales of the company rose to Rs356.54 crore for the third quarter, against Rs317.75 crore in the same period of last year.
“GIL is executing its proven business model of delivering value to consumers combined with effective pricing and cost control which is helping us deliver consistent top and bottom line growth," GIL managing director Shantanu Khosla said.
For the nine months ended 31 March 2013, the company posted a net profit of ₹ 0.69 crore, against ₹ 62.01 crore during the same period of previous year. Shares of Gillette India were trading at ₹ ,080 on the BSE in late afternoon trade, down 0.70% from its previous close.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!