Gillette India Q2 net profit jumps 15 percent to Rs 82 crore
Gillette India Ltd posted a 15 percent jump in net profit at Rs 82 crore ($11.3 million) for the second quarter ended December 2020, as against a net profit of Rs 71 crore in the year-ago period.
The company, which follows the July-June financial year, witnessed a 13 percent rise in its revenue to Rs 520 crore during the quarter under review, as against Rs 459 crore in the same period a year ago.
Gillette’s total expenses for the quarter rose by 7 percent to Rs 401 crore in the December quarter.
Commenting on the Q2 results, Madhusudan Gopalan, managing director at Gillette India Ltd, in a statement said: “For the second consecutive quarter, we delivered double-digit profitable growth driven by the strength of our trusted product portfolio, strong retail execution, and strong market recovery in the quarter.
“As the market continues to recover in the grooming category, we will continue to remain focused on our strategy of driving superiority, improving productivity, leading constructive disruption, and strengthening our organization and culture. These strategies have enabled us to consistently deliver results despite a challenging market environment 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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