Gillette India Q2 net profit drops 9 percent to Rs 53 crore
today Feb 11, 2019
Gillette India’s net profit for the second quarter dropped 9 percent to Rs 53 crore ($7.5 million) due to cost inflation and higher marketing spends. The company had reported a net profit of Rs 59 crore for the October-December period a year ago.
Gillette India total expenses in the quarter shot up 22 percent to Rs 391 crore as against Rs 321 crore.
The company’s total income for the quarter jumped 17 percent to Rs 480 crore as against Rs 410 crore it had reported in the corresponding quarter of the previous fiscal. The grooming segment contributed Rs 373 crore to the company’s overall revenue.
Commenting on the results, Gillette India managing director Madhusudan Gopalan said, "We have delivered strong double-digit growth for the second consecutive quarter this year driven by robust volume growth, category development, and execution excellence.
"We will continue to focus on raising the bar on the superiority of our products, packaging, go-to-market and communication, improving productivity, and strengthening our organization and culture."
Gillette is one of India’s leading consumer goods companies with a strong presence in the men’s grooming segment. Gillette India follows the July-June financial year.
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