Gillette India posts Q3 profit of Rs 106 crore
Gillette India Ltd reported a profit of Rs 106 crore ($14.4 million) for the third quarter ended March 31, while its sales revenue was at Rs 537 crore.
The company attributed the rise in profit and revenue to growth in sales driven by the base effect of the lockdown in the March quarter.
Gillette’s grooming vertical contributed Rs 410 crore to the overall revenue, while the oral care cateogory contributed Rs 126 crore.
Commenting on the results, Madhusudan Gopalan, managing director at Gillette India Ltd, in a statement said: "Since the outbreak of the pandemic, our continued focus has been on protecting the health and safety of our people, serving the Indian consumers with our personal hygiene products, and supporting communities in need through our relief efforts. For the third consecutive quarter, we delivered double-digit profitable growth in a challenging environment driven by strong portfolio of trusted products and strong retail execution.”
“Our strategy of driving superiority, improving productivity, leading constructive disruption, and strengthening our organization and culture has enabled us to consistently deliver results and continue to be the right strategies to deliver balanced growth in the long-term,” he added.
Gillette India is one of the leading fast-moving consumer goods firms in India with a strong presence in the grooming, portable power, and oral care businesses.
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