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.
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