Gillette India: A defensive stock for long term
Being a leader in the grooming space, Gillette India has done some interesting product innovations
April 15, 2021 / 09:32 AM IST
Gillette India | The company reported higher profit at Rs 41.3 crore in December quarter 2020 against Rs 18.8 crore in December quarter 2019, revenue increased to Rs 520.4 crore from Rs 459.3 crore YoY.
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
In our discovery series, our focus today is on Gillette India (GIL, CMP: Rs 5,504; Market Capitalization: Rs 17,935 crore) that has some of the world’s leading brands like Gillette and Oral-B.
The promoter (Procter & Gamble and its affiliated entities) holds a 75 per cent stake. Post half-yearly results of December 2020, GIL has declared an interim dividend of Rs 33 per share, which has resulted in a dividend payout of 60 per cent.
In FY20 and FY19, GIL had...