Gillette India's quarterly profit rises on demand for grooming products

Reuters
Oct 30
Gillette India's quarterly profit rises on demand for grooming products

Oct 30 (Reuters) - Gillette India GILE.NS posted an 8% rise in profit for the quarter ended September 30 on Thursday, on sustained demand for its grooming products like shaving razors and creams.

The company, owned by Procter & Gamble PG.N, posted a profit of 1.44 billion rupees ($16.38 million), compared with 1.33 billion rupees a year ago.

With self-care habits rising in popularity in India, demand for grooming products has been healthy.

The grooming segment revenue, which accounts for more than 80% of the company's total revenue, increased nearly 3% to 6.66 billion rupees during the quarter.

Meanwhile, revenue from its smaller segment, oral care, rose 9%.

"We delivered balanced growth across the portfolio", the company said in a statement.

Its total revenue from operations rose 4% to 8.11 billion rupees.

Shares of the company were up 0.5% after the results.

($1 = 87.8950 Indian rupees)

(Reporting by Komal Salecha in Bengaluru; Editing by Harikrishnan Nair)

((Komal@thomsonreuters.com;))

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