Gillette India PAT up 26.4% to ₹116 crore in June quarter

Shaving products maker Gillette India Ltd on Thursday reported a 26.4% rise in profit after tax (PAT) to ₹115.97 crore for the June quarter.

The company, which follows the July-June financial year, had reported a profit of ₹91.75 crore in the year-ago period, Gillette India Ltd (GIL) said in a BSE filing.

Its revenue from operations increased 4.17% to ₹645.33 crore during the quarter under review from ₹619.44 crore in the corresponding period a year earlier.

The sales growth was "driven by a robust portfolio, strong brand fundamentals and superior retail execution," Gillette India said in an earnings statement, adding its PAT was helped by "strong sales growth in the current quarter".

Gillette India's total expense was down 1.17% to ₹494.68 crore in the June quarter.

Its revenue from the grooming segment was up 7% to ₹519.68 crore. Meanwhile, oral care was down 6.28% to ₹125.65 crore in the April-June period.

The total income of GIL, including other income, was up 4.11% to ₹649.91 crore.

GIL's PAT for the financial year, which ended on June 30, 2024, was up 15.75% to ₹411.70 crore.

Its revenue from operations for the financial year was up 6.3% to ₹2,633.085 crore.

Besides, GIL's directors have recommended a final dividend of ₹45 per equity share for the financial year ending June 2024, which will be subject to the approval of shareholders in the AGM.

Shares of Gillette India Ltd on Tuesday were at ₹8,993.90 on the BSE, up 0.24% from the previous close.