Grooming products maker Gillette India reported a 7 percent increase in net profit at Rs 93 crore ($11.2 million) for the first quarter ended September 30, 2023, as against Rs 87 crore in the year-ago period.
The company’s revenue for the quarter rose to Rs 668 crore, as against Rs 620 crore reported in the corresponding quarter of the previous fiscal year.
Gillette’s expenses during the July-September quarter rose by 10 percent to Rs 551 crore.
Commenting on the results, LV Vaidyanathan, managing director at Gillette India Ltd in a statement said, “We have started the fiscal on a balanced note, with an encouraging top-line and bottom-line growth. This sequential growth comes behind strong execution of our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization structure.”
“We remain committed to these strategies in the near-term, to continue driving a balanced top and bottom-line growth in a competitive macro-economic environment,” he added.
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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