Moneycontrol PRO
HomeNewsBusinessMarketsGillette India’s stock surges 10% on strong grooming segment sales

Gillette India’s stock surges 10% on strong grooming segment sales

The stock of the company was trading at Rs 6,818.85, higher by 9.82 percent on BSE at 13:48 pm on April 30

April 30, 2024 / 14:25 IST
The company’s net sales jumped 9.96 percent to Rs 680.74 crore at the end of March compared to Rs 619.07 crore in the same period last year.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Gillette India’s stock price surged close to 10 percent on April 30 after the company reported quarterly results for the March quarter on April 29.

    The company’s net sales jumped 9.96 percent to Rs 680.74 crore at the end of March as compared to Rs 619.07 crore in the same period last year. While its quarterly profit stood at Rs 99.09 crore in the fourth quarter, down 3.52% from March 2023 as other income was half of what it was in the year-ago period, the Ebitda stood at around 20 percent.

    The stock of the company was trading at Rs 6,818.85, higher by 9.82 percent on BSE at 13:48 pm on April 30.

    The revenue of the grooming segment, which includes razors and trimmers, jumped almost 13.5 percent providing boost to sentiments. The Ebitda of the segment jumped by 30 percent, implying a margin growth of 300 bps to 21.6 percent. However, the oral care segment performed badly as the revenue declined by 4 percent.

    The company has improved its distribution network, while the company’s female hair removal brand Venus has become a growth driver for the company. The female range has now jumped to around 15 percent of its grooming sales from around 7-8 percent in the last year.

    Moneycontrol News
    first published: Apr 30, 2024 02:25 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347