Finance

Gillette India Ltd. Announces Second Quarter Results


Gillette India Restricted (GIL) introduced on February 4 its monetary outcomes for the quarter ended December 31, 2020. The corporate delivered gross sales of Rs. 520 crores, up 13% vs yr in the past behind its superiority technique, sturdy product portfolio, sturdy retail execution, and market restoration. Revenue After Tax (PAT) for the quarter was Rs. 82 crore, up 15% vs yr in the past behind deal with productiveness and financial savings.

Madhusudan Gopalan, Managing Director, Gillette India Ltd. stated, “For the second consecutive quarter, we delivered double-digit profitable growth driven by the strength of our trusted product portfolio, strong retail execution and strong market recovery in the quarter.” He additional added, “As market continues to recover in the grooming category, we will continue to remain focused on our strategy of driving superiority, improving productivity, leading constructive disruption, and strengthening our organization and culture. These strategies have enabled us to consistently deliver results despite a challenging market environment and continue to be the right strategies to deliver balanced growth in the long-term.”

As part of the companys COVID-19 response, we launched the Gillette Barber Suraksha Program, to help the barber group in India get again on their toes. This system is enabling barbers to restart their companies whereas educating them on sustaining excessive requirements of security, well being and hygiene.

The Board of Administrators declared an interim dividend of Rs. 33 on each fairness share of Rs. 10. The file date for the dividend will likely be February 12, 2021.

About Gillette India Ltd.

Gillette India Restricted (GIL) is one among Indias well-known FMCG Firms that offers in among the world main manufacturers GILLETTE and ORAL-8; and has carved a status for delivering top quality, value-added merchandise to satisfy the wants of customers. GIL manufacturers take pleasure in being socially aware through their participation in P&G SHIKSHA, their flagship CSR program that helps the schooling of underprivileged youngsters in India.

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