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Gillette India: Defensive bet growing at double digits

Gillette India, being a market leader and having presence in both male and female grooming segments, will tap these higher growth opportunities, going ahead

May 12, 2021 / 09:50 AM IST
Gillette India: Defensive bet growing at double digits

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

Gillette India (GIL; CMP: Rs 5,576; Market Capitalisation: Rs 18,168 crore) deals in some of the world’s leading brands like Gillette and Oral-B. The company’s March 2021 quarter results were above Street expectations. GIL has announced a special interim dividend of Rs 50 per share, after announcing a dividend of Rs 33 per share after its December 2020 quarter results. The ex-date for the interim dividend of Rs 50 per share is May 12, 2021. March 2021 quarter results Revenues grew by...

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