Dec 02, 2016 10:38 AM IST IST | Source: PTI

Gillette Q1 profit zooms 63% to Rs 55 crore

The company, which follows July-June financial year, had posted a net profit of Rs 33.55 crore in the corresponding period of the last financial year.

Gillette India reported a 63.45 percent jump in standalone net profit at Rs 54.84 crore for the quarter ended September 30, mainly on account of productivity and cost efficiencies.

The company, which follows July-June financial year, had posted a net profit of Rs 33.55 crore in the corresponding period of the last financial year.

Its total income from operation was up 7.59 percent at Rs 419.29 crore during the quarter under review as against Rs 389.68 crore in the same period last fiscal.

"The company has benefited from portfolio optimisation, even as it continues to focus on productivity and cost efficiencies," said Gillette India.

Sales in grooming were up 12 percent compared to previous year, While its oral care business was down 6 percent.

Its total expenses were down marginally 0.44 percent during July-September quarter to Rs 346.39 crore compared to Rs 347.95 crore in the same period last year.

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