Grooming and personal care brand, Gillette India Ltd reported 36 percent rise in net profit at Rs 92 crore ($11.5 million) for the fourth quarter ended June 2023, as against Rs 68 crore in the year-ago period.
The company, which follows July-June financial yea reported a 12 percent rise in revenue at Rs 619 crore during the quarter under review as against Rs 553 crore a year ago.
Gillette’s total expenses in the quarter was up by 8 percent at Rs 501 crore from the year-ago period.
For the financial year ended June 30, 2023, Gillette India reported a net profit of Rs 356 crore while its revenue from operations stood at Rs 2,477 crore.
Commenting on the results, LV Vaidyanathan, managing director at Gillette India in a statement said, “The quarter provided a strong finish to fiscal year, closing at double-digit top-line and bottom-line growth. Our consistent results can be attributed to our robust integrated growth strategies of focusing on daily use categories where performance drives brand choice, irresistible superiority, productivity.”
Gillette India is one of the leading fast-moving consumer goods firms in India with a strong presence in the grooming and oral care segment.
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