Gillette India Limited (GIL) today announced its financial results for the quarter and fiscal ended June 30, 2024. The Company ended FY 2023-24 with yet another fiscal year of balanced growth across top-line and bottom-line. Despite a challenging operating and competitive environment, the Company delivered sales of ₹2633 crore, up 6% versus year ago, Profit After Tax (PAT) for the fiscal year, was ₹412 crore, up 16% versus year ago due to the topline growth with product innovation.
During the quarter, the Company reported sales of ₹645 crore, up 4% versus year ago driven by a robust portfolio, strong brand fundamentals and superior retail execution. Profit After Tax (PAT) for the quarter was ₹116 crore, up 26% versus year ago with the strong sales growth in the current quarter.
V Kumar, Managing Director, Gillette India Limited, shared, "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."
The Company continued to strengthen its position as a leading player in in the Blades and Razors category in FY 2023-2024.
Throughout the fiscal year, the Company 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. This includes the launch of Gillette Labs razors that elevate the shaving experience, seamlessly combining shaving and gentle exfoliation for an extraordinary experience, introduction of Venus Bikini Sensitive Razors designed for intimate grooming, dermatologically tested with patented irritation defense. In the Oral care segment, the Company introduced fun designs for young consumers with Oral-B 'Chhota Bheem' toothbrushes.
During the year, the Company continued to contribute to flagship CSR program of the P&G group, P&G Shiksha and positively impact communities it serves and operates in. P&G Shiksha has continued to support thousands of schools and communities, impacting more than 45 lakh children since its inception. Over the years P&G Shiksha has evolved into a 360-degree educational intervention addressing three critical barriers to achieving universal education - access to education infrastructure, inequity in access to education and gap in learning.
The directors have recommended a final dividend of ₹45 per Equity Share for the Financial Year ended June 30, 2024, subject to the approval of Shareholders of the company at the ensuing 40th Annual General Meeting.
Shares of Gillette India Limited was last trading in BSE at Rs. 8966.60 as compared to the previous close of Rs. 8972.65. The total number of shares traded during the day was 2983 in over 1198 trades.
The stock hit an intraday high of Rs. 9191.00 and intraday low of 8898.85. The net turnover during the day was Rs. 26887539.00. |
