Rs 85/Share Dividend Announced: FMCG Co Declares 39.6% Surge In Net Profit

Large cap company operating in FMCG sector Gillette India Ltd on Tuesday a jump of 39.6% in its Q2 profit pushed by the surge in demand and introduction of several premium products. The company has gained popularity for its Oral B toothbrushes and shaving razors. The company declared its profit at Rs 104 crore for the September-December quarter as against Rs 74.45 crore declared in the corresponding quarter of last year.

In a challenging operating environment, the Company delivered a balanced growth during the quarter with sales of ₹639 crore, up 3% vs year ago. Domestic sales is up 6% vs year ago, driven by a robust portfolio, superior retail execution and strong brand fundamentals.

LV Vaidyanathan, Managing Director, Gillette India Ltd. shared, "For 7 consecutive quarters now, we have delivered a balanced top-line and bottom-line growth. Our teams' execution of our integrated growth strategy has enabled us to build and sustain strong momentum. We stay committed to our strategies of a focused product portfolio of daily use categories where performance drives brand choice, superiority - across product performance, packaging, brand communication, retail execution and consumer and customer value - productivity, constructive disruption, and an agile and accountable organization."

Gillette India Declares Attractive Dividend: The company as per its BSE filing dated January 30, 2024, "In line with the strong performance, the company has announced an interim dividend of Rs 85 per equity share for the financial year 2023-24. This interim dividend includes a onetime special dividend of Rs 40 per equity share to commemorate 40 years of serving consumers, customers, shareholders, employees, and society."

Gillette India Stock Performance & Return: Last trading price of Gillette India shares on BSE is Rs 6714.35 apiece with intraday gain of 3.59%. The 52-week high price of Gillette India shares on BSE is Rs 7318.10 apiece and 52-week low price is Rs 4,140 00 apiece, respectively. The company's market capitalisation is Rs 21,878 crore. Gillette India shares zoomed 18% in last 6-months, rallied 37% in last 1-years, and gained 28% in last 2-years. In last 3-years, Gillette India shares soared 19% and surged 4% in last 5-years.

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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