Gillette India Q2 net profit rises 11% on topline growth and productivity gains

Shaving products maker Gillette India Ltd on Thursday (October 30) reported a net profit of ₹49.1 crore for the second quarter, up 11% from ₹44.2 crore in the same period last year, supported by topline growth and productivity improvements across the value chain.

Revenue increased 3.7% year-on-year to ₹810.8 crore, compared with ₹781.8 crore in Q2 of the previous year. EBITDA grew 9.1% to ₹207.7 crore against ₹190.4 crore a year ago. EBITDA margin expanded to 25.6% from 24.4% in the corresponding period last year.

The company reported sales of ₹811 crore, up 4% compared with the same period last year, driven by strong brand fundamentals across its portfolio, positive consumer response to innovations, and superior retail execution.

Also Read: Gillette India Q3 Results: Stock jumps 10% after strong operational performance

Kumar Venkatasubramanian, Managing Director, Gillette India Ltd, said, "We have delivered steady growth across both topline and bottom line in the quarter.

We remain committed to our integrated growth strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution, consumer and customer value — productivity, constructive disruption and an agile & accountable organisation. We know this is the right strategy for us to deliver sustainable, balanced growth and value creation."

Shares of Gillette India Ltd ended at ₹9,084.00, up by ₹20.50, or 0.23%, on the BSE.

Also Read: Gillette India Q1 Results: Shares rise after double-digit growth in both topline and bottom line