Rs 45/Sh Dividend Declared: Large Cap FMCG Co Declares 26.4% Jump In Net Profit

Large cap company operating in FMCG sector Gillette India Ltd on Thursday declared a jump of 26.4% in its net profit for the quarter ended June 30, 2024 to Rs 115.97 crore as against Rs 91.75 crore declared in the corresponding quarter of last year. Current market price of Gillette India shares on BSE is Rs 8993.90 per share with gain of 0.24% in trade today. Gillette India shares surged 15.98% in last 2-weeks and offered returns of 63% in last 1-year. The company's market capitalisation stood at Rs 29,306.82 crore. Check details below:

Gillette India Ltd Declares Dividend: As per the regulatory filing of Gillette India Ltd issued on August 29, 2024, "We are pleased to further inform you that the Board of Directors of the Company at its meeting held today, inter alia, have recommended a dividend of Rs. 45 per Equity Share (Nominal Value of Rs. 10/- each), for the Financial Year ended June 30, 2024. The divided shall be paid between December 3, 2024 to December 25,2024, on approval of the Members at the 40th Annual General Meeting."

Gillette India Results: The company's revenue from operations for the June 2024 quarter declared at Rs 645.33 crore as against Rs 619.44 crore declared in the similar quarter of last year. Gillette India announced its profit before tax at Rs 155.23 crore as compared to Rs 123.64 crore announced the corresponding quarter of last year. Total comprehensive income for the quarter under review came at Rs 114.60 crore from Rs 89.70 crore in similar quarter of last year. EPS of Gillette India jumped to Rs 35.59 for June 2024 quarter from Rs 28.15 in June 2023.

Gillette India Shares Performance & Return: The 52-week high price of Gillette India shares on BSE is Rs 9222.45 apiece (as on 27/08/2024) and 52-week low price is Rs 5499.00 apiece (as on 01/09/2023), respectively. Gillette India shares surged 27% in last 3-months, gained 39% in last 6-months, offered return of 63% in last 1-year, and surged 67% in last 2-years. In last 10-years, Gillette India stock surged 249%.

Gillette India About: Gillette India Limited (GIL) is one of India's well-known FMCG Companies that has some of the world's leading brands Gillette, Braun and Oral B; and has carved a reputation for delivering superior products to meet the needs of consumers. GIL brands take pride in being socially conscious as part of P&G Shiksha, the flagship CSR program of P&G Group in India, that supports the education of underprivileged children.

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