Gillette India Q1 net profit surges 54 percent to Rs 95 crore
Gillette India standalone net profit for the first quarter ended September, 2020 surged 54 percent to Rs 95 crore ($12.7 million), as against Rs 62 crore it reported in the year-ago period.
The company’s sales revenue for the quarter rose by 12 percent to Rs 516 crore, as against Rs 462 crore it reported in the corresponding period last year.
Commenting on the results, Madhusudan Gopalan, managing director of Gillette India, in a statement said: “In a challenging market environment, we delivered strong top and bottom-line results. With the easing of the lockdown, we witnessed a market recovery in the grooming category through the quarter. Our production and service are now back to pre-Covid levels.”
“In the near term, we will continue to prioritize the health and safety of our employees, maximizes the availability of our products, which play an essential role in meeting the daily grooming and hygiene needs of consumers across the country, and support our communities. In the long term, we will continue to stay focused on our strategy of driving superiority, improving productivity, and strengthening our organization and culture to deliver balanced growth,” 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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