Gillette on smooth run

Gillette India is doing pretty well today morning; opening over 5% higher at Rs.9000, the stock hit an intraday high at Rs.9537.70, which is just a tad away from its 52-week high of Rs.9550.

The FMCG delivered strong balanced growth during the quarter with sales of Rs.782 crore, up 17% (YoY). The growth has been broad based amidst continuing green shoots in rural markets.

The company reported Profit After Tax (PAT) of Rs.133 crores, up 43%, led by a strong sales growth, productivity interventions and innovation. It continued to strengthen its position as a leading player in the Blades & Razors category in the quarter.

The company, in its portfolio has some of the world’s leading brands Gillette, Oral B, Venus and Braun.

75% stake is held by the promoters, of which 34.88% is held by Gillette Diversified Operations Pvt Ltd and balance 40.12% is held by P&G Overseas India BV.