Gillette India Q1 Results: Shares rise after double-digit growth in both topline and bottom line

Gillette India Ltd., the grooming products manufacturer, reported its June quarter results on Thursday, July 31, following which, the stock surged as much as 8% in response.Net profit for the period rose by 28% on a year-on-year basis to ₹50 crore. The company had reported a bottomline figure of ₹39 crore during the same quarter last year.

Gillette India earned ₹707 crore as revenue for the quarter under review, which is 10% higher compared to the base quarter’s figure of ₹645 crore. The topline was driven by robust brand fundamentals across its strategic portfolio, positive consumer response on innovation and superior retail execution.Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 20% from the year-ago quarter to ₹210.5 crore, while margins expanded by 300 basis points to 30% from 27% last year.

“We have delivered double-digit growth across both topline and bottom line in the quarter. These results are a testament to our teams’ execution of the integrated growth strategy – 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,” said Kumar Venkatasubramanian, Managing Director, Gillette India.