Procter & Gamble (P&G) Bangladesh ends distribution agreement with Gillette India

Gillette India has announced in a regulatory filing that Procter & Gamble (P&G) Bangladesh has decided to terminate its distribution agreement with the business, effective from December 31 this year.

Gillette India expects that the termination of the distribution agreement will result in a proportionate drop in net sales under the agreement, ET Retail reported. Gillette India manufactures and retails branded, packaged fast moving consumer goods in product categories including grooming, oral care, and portable power, Business Standard reported.
 
“For the financial year 2023 to 2024, the net sales under the said distributor agreement accounted for 2% of the total net sales of the company,” read a regulatory filing by Gillette India, the Press Trust of India reported. The business stated that the termination of its agreement with Procter & Gamble Bangladesh will have no material impact on its profits.
 
In the 2024 financial year, Gillette India reported a revenue total of Rs 2,633.08 crore, ET Bureau reported. The business saw its consolidated net profit increase by 26.4% year-on-year to total Rs 115.97 crore in the first quarter of the 2025 financial year compared to Rs 91.75 crore in the first quarter of the 2024 fiscal year and revenue increased by 4.2% year-on-year during the same period.