Gillette India announced that the 40th Annual General Meeting (AGM) of the company will be held on 3 December 2024.Powered by Capital Market - Live

Net profit of Gillette India rose 26.40% to Rs 115.97 crore in the quarter ended June 2024 as against Rs 91.75 crore during the previous quarter ended June 2023. Sales rose 4.18% to Rs 645.33 crore in the quarter ended June 2024 as against Rs 619.44 crore during the previous quarter ended June 2023. For the full year,net profit rose 15.75% to Rs 411.70 crore in the year ended June 2024 as against Rs 355.68 crore during the previous year ended June 2023. Sales rose 6.30% to Rs 2633.08 crore in the year ended June 2024 as against Rs 2477.05 crore during the previous year ended June 2023. ParticularsQuarter EndedYear EndedJun. 2024Jun. 2023% Var.Jun. 2024Jun. 2023% Var. Sales645.33619.44 4 2633.082477.05 6 OPM %27.0523.19 -23.8321.77 - PBDT176.43145.28 21 644.89553.59 16 PBT155.23123.64 26 562.25472.90 19 NP115.9791.75 26 411.70355.68 16 Powered by Capital Market - Live

Revenue from operations grew by 4.18% year on year to Rs 645.33 crore during the quarter, driven by a robust portfolio, strong brand fundamentals and superior retail execution. The company's revenue from Grooming was at Rs 519.68 crore (up 7.07% YoY) while the income from Oral Care stood at Rs 125.65 crore (down 6.28% YoY) during the period under review. Profit before tax in the June quarter was at Rs 155.23 crore, up 25.55% from Rs 123.64 crore recorded in the corresponding quarter previous year. On full year basis, the firm's net profit stood at Rs 411.70 crore in FY24, recording a growth of 15.75% YoY, with the strong sales growth in the current quarter. Despite a challenging operating and competitive environment, the company delivered sales of Rs 2,633.08 crore in FY24, up 6.3% versus year ago. The company said that it continued to strengthen its position as a leading player in the Blades and Razors category in FY 2023-2024. Throughout the fiscal year, Gillette continued to delight the Indian consumers and drive category growth through a strong product portfolio, superior consumer communication and a continuous stream of product innovations. V Kumar, managing director of Gillette India, said, 'This was another strong performance by Gillette India, delivering a balanced top-line and bottom-line growth in the fiscal. These results were enabled by our teams' superior execution of the integrated strategy which we remain committed to ' a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization ' all aimed at delivering sustainable, balanced growth and value creation. This strategy is yielding consistent results for us, and therefore remains the right way forward as we step into the new fiscal year.' Meanwhile, the company's board recommended a dividend of Rs 45 per equity share for the financial year ended 30 June 2024. The dividend will be paid between 3 December 2024 to 25 December 2024, on approval of the members at the 40th annual general meeting. Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power and oral care businesses. Shares of Gillette India rose 0.24% to close at Rs 8993.90 on the BSE. Powered by Capital Market - Live

Gillette India announced that the Board of Directors of the Company at its meeting held on 29 August 2024, has recommended a Final dividend of Rs.45 per share (i.e.450%), subject to the approval of the shareholders.Powered by Capital Market - Live

Shares of the Gillette India jumped 16.81% in eight trading sessions from its recent closing low of Rs 7,687.60 on 13 August 2024. The stock hit an all-time high of Rs 9,049.75 today. The counter has soared 67.28% from its 52-week low of Rs 5,410 hit on 25 August 2023. On the BSE, 7,831 shares were traded in the counter so far compared with average daily volumes of 1,423 shares in the past two weeks. The stock had outperformed the market over the past one month, rising 15.21% as against Sensex's 0.51% increase. The scrip had outperformed the market in past three months, jumping 30.64% as against 8.4% rise in Sensex. The counter had also outperformed the market in past one year, soaring 65% as against Sensex's 25.98% surge. On the technical front, the stock's daily RSI (relative strength index) stood at 77.615. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 7,714, 7,268.21 and 6,866.72, respectively. These levels will act as crucial support zones in near term. Meanwhile, the board of Gillette India will consider Q4 results on 28 August 2024. Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power and oral care businesses. Gillette India reported 3.5% decline in net profit to Rs 99.09 crore in the third quarter ended 31 march 2024 as against Rs 102.70 crore recorded in the same period a year ago. Revenue from operations grew by 10% year on year to Rs 680.74 crore in the quarter ended 31 March 2024. Powered by Capital Market - Live

Gillette India has revised the meeting of the Board of Directors which was scheduled to be held on 28 August 2024. The meeting will now be held on 29 August 2024.Powered by Capital Market - Live