Gillette India's quarterly profit rises on grooming products demand

Reuters
31 Jul
Gillette India's quarterly profit rises on grooming products demand

July 31 (Reuters) - Gillette India GILE.NS reported a 25.6% increase in profit for the quarter ended June 30 on Thursday, helped by robust demand for its grooming products.

The Procter & Gamble PG.N-owned company, known for its razors and shaving creams, reported 1.46 billion rupees ($16.7 million) in profit, compared with 1.16 billion rupees in the same period a year earlier.

Gillette India is getting a boost from rising demand for its latest grooming gear, as self-care becomes mainstream. Sleek upgrades like the Gillette Guard and elevated Mach 3 razors are gaining traction, with strong interest in premium products adding a lift to its revenue.

The company said in June that consumers are prioritising value over cost, showing a growing willingness to spend more on products that deliver superior performance.

Revenue from its mainstay grooming segment, which produces razors and accounts for over 80% of the company's total revenue, increased 11% to 5.77 billion rupees during the reported quarter.

Meanwhile, revenue from its smaller segment, oral care, rose 3.3%.

The company's revenue from operations rose 9.5% year-on-year to 7.07 billion rupees, while total expenses rose 4.7%, led by a 19.4% growth in advertising and sales promotion expenses.

Gillette India's shares rose 2.2% to 10,871 rupees in Mumbai.

($1 = 87.5525 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10