Gillette India Ltd reported a 35.74% increase in Q4 2023 profit after tax (PAT) at Rs 91.75 crore, boosted by sales growth and improved productivity. Revenue from operations also rose by 12.03% to Rs 619.44 crore compared to the previous year. Total expenses for the quarter increased by 8.30% to Rs 500.58 crore. The company’s total income in the June quarter increased by 12.59% to Rs 624.22 crore. Strong brand fundamentals and retail execution were cited as drivers for this growth.
In the grooming segment, revenue was Rs 485.37 crore, up 13.86%, and oral care revenue increased by 5.88% to Rs 134.07 crore. For the full financial year ending June 30, 2023, Gillette India’s PAT increased by 22.93% to Rs 355.68 crore, with revenue from operations growing by 9.79% to Rs 2,477.05 crore.
On Wednesday, Gillette India’s shares closed at Rs 5,604.25, reflecting a 1.47% increase on the NSE.