Gillette India soars over 9% despite 3.5% fall in Q4 PAT

Shares of Gillette India soared over 9% on Tuesday after the company reported its fourth quarter and fiscal year 2024 results.

Gillette India reported a 10% year-on-year (YoY) growth in its fourth quarter operating revenue at ₹681 crore. The rise in sales was driven by superior innovations across the portfolio and strong brand fundamentals, the company said.

Net profit fell 3.5% YoY to ₹99.09 crore during the quarter. The firm attributed the fall in profits to one-time tax impacts in the base and current quarters. The company witnessed a 13.51% growth in its revenue from the grooming segment at ₹557.71 crore while it saw a 3.67% decline in revenue from its oral care segment at ₹123.03 crore.

LV Vaidyanathan, Managing Director at Gillette India said the firm continues to deliver strong top line and share growth driven by excellent execution of its integrated growth strategy. “We remain committed to a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution, and consumer and customer value — productivity, constructive disruption, and an agile and accountable organisation. We are confident that these strategies will continue to help us deliver balanced growth and value creation,” he said.

Gillette India is a fast-moving consumer goods (FMCG) company that has brands like Gillette, Braun, and Oral B.

During the third quarter, the company reported a 3% YoY rise in its operating revenue at ₹639 crore. Net profit for the quarter rose 40% YoY to ₹104 crore, which the company attributed to productivity interventions, product price mix, and moderating cost inflation. The company had announced an interim dividend of ₹85 per equity share for the fiscal year 2024.

Shares of the company have gained nearly 5% since the beginning of the year. The stock has risen nearly 52% in the last one year.