Big Reward! Dividend of Rs. 65 By Gillette India, To Be Paid By March 7; Record Date On?

With some of the top brands in the world, including Gillette, Oral B, Venus, and Braun, Gillette India Limited (GIL) is a well-known FMCG company in India that has established a reputation for providing high-quality products to satisfy customer demands. GIL brands are proud to be socially responsible as part of P&G Shiksha, the P&G Group's main CSR initiative in India.

Gillette India Dividend

"We are pleased to inform you that the Board of Directors of the Company at its meeting held today, inter alia, have declared an Interim Dividend for the Financial Year 2024-25 of Rs. 65 per Equity Share (Face Value of Rs. 10/- each). The dividend shall be paid on or before March 7, 2025. As informed earlier in our letter dated January 31, 2025, record date for the purpose of eligibility for payment of said Interim Dividend shall be February 19, 2025," said Gillette India in a stock exchange filing.

Gillette India Q3 Financials

The financial results for the quarter that ended on December 31, 2024, were released today by Gillette India Limited (GIL). With sales of Rs 686 crore during the quarter, up 7% from the previous year, the company saw impressive development. Profit After Tax (PAT) increased by 21% from the previous year to Rs 126 crores. From October to December 2024, operating revenue climbed from Rs 639.46 crore to Rs 685.55 crore. In the December quarter, Gillette India's overall income increased by 7.43% to Rs 694.74 crore.

Kumar Venkatasubramanian, Managing Director, Gillette India Ltd. said, "We have delivered strong growth across both topline and bottom line in the quarter. These results are a testament to our teams' execution of the integrated growth strategy - a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization. We remain committed to this strategy, which is aimed at delivering sustainable, balanced growth and value creation."

Gillette India Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "Gillette India Ltd. is currently trading near a crucial trendline support near 8,000, following a pullback from its recent highs. Although the stock has been following the ascending trendline and in a long-term uptrend, recent weakness has caused it to drop below important moving averages, indicating short-term bearishness. There is a greater chance of a technical recovery from current levels because the RSI at 28 indicates that the stock is in an oversold zone."

"The stock faces immediate resistance at 8,800 (50-day EMA), followed by ₹9,120 (100-day EMA). A reversal candle at the 8,000 level might spark renewed buying interest, potentially leading to a rise towards 8,820. If the stock falls below ₹8,000, it may further decline to 7,500, the next significant support level," the analyst added.

"Existing investors should hold above 8,000, with a stop-loss at 7,500 to mitigate downside risk. If the stock remains over 8,000, it may indicate a bullish reversal. New investors should consider purchasing near 8,000-8,100 with a stop-loss at 7,500, with the goal of moving up to 8,820-9,210 if momentum builds," as per the analysis of Mandar Bhojane.

"Overall, the stock is at a vital crossroads, with a rebound possible if buyers hold the trendline support. However, a drop below 8,000 could result in additional selling pressure. Before making any trading choices, investors should keep a close eye on price behaviour around these important levels," Mandar Bhojane further recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.