Gillette India Ltd Share Price – NSE  / BSE

FMCG, Small Cap

Shares of Gillette have risen 26.38% in six sessions following strong Q1 results. The stock surged 4.18% on 28 October 2024, when the company announced its earnings.

The company delivered strong balanced growth during the first quarter with sales of Rs 782 crore, up 17% vs year ago. The growth has been broad based amidst continuing green shoots in rural markets. It reported profit after tax (PAT) of Rs 133 crore, up 43% vs year ago led by a strong sales growth, productivity interventions and innovation. The company said it continued to strengthen its position as a leading player in the blades & razors category in the quarter.

Profit before tax stood at Rs 177.25 crore in the Q1 FY25, up 41.6% YoY and up 14.19% QoQ. Operating profit margin (OPM) expanded to 24.36% in Q1 FY25, up from 20.63% in the same period last year.

Total expenses rose 11.6% to Rs 591.33 crore in Q1 FY25 over Q1 FY24. During the quarter, cost of materials consumed stood at Rs 172.27 crore (down 3.8% YoY) while employee benefits expense was at Rs 48.11 crore (down 9.9% YoY).

Gillette India is one of India’s well-known FMCG companies that has some of the world's leading brands Gillette, Oral B, Venus and Braun.

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Syrma SGS Technology Ltd, KSB Ltd, Federal Bank Ltd, JSW Infrastructure Ltd are among the other stocks to see a surge in volumes on NSE today, 29 October 2024.

Gillette India Ltd notched up volume of 7.24 lakh shares by 14:14 IST on NSE, a 43.93 fold spurt over two-week average daily volume of 16476 shares. The stock rose 11.57% to Rs.9,501.00. Volumes stood at 30254 shares in the last session.

Syrma SGS Technology Ltd notched up volume of 228.6 lakh shares by 14:14 IST on NSE, a 12.75 fold spurt over two-week average daily volume of 17.92 lakh shares. The stock rose 13.27% to Rs.489.50. Volumes stood at 122.41 lakh shares in the last session.

KSB Ltd recorded volume of 11.02 lakh shares by 14:14 IST on NSE, a 11.66 times surge over two-week average daily volume of 94502 shares. The stock lost 5.12% to Rs.790.00. Volumes stood at 71866 shares in the last session.

Federal Bank Ltd recorded volume of 577.03 lakh shares by 14:14 IST on NSE, a 7.32 times surge over two-week average daily volume of 78.80 lakh shares. The stock gained 7.95% to Rs.199.70. Volumes stood at 157.53 lakh shares in the last session.

JSW Infrastructure Ltd witnessed volume of 140.09 lakh shares by 14:14 IST on NSE, a 5.99 times surge over two-week average daily volume of 23.40 lakh shares. The stock increased 9.59% to Rs.314.90. Volumes stood at 19.29 lakh shares in the last session.

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The company delivered strong balanced growth during the first quarter with sales of Rs 782 crore, up 17% vs year ago. The growth has been broad based amidst continuing green shoots in rural markets. It reported profit after tax (PAT) of Rs 133 crore, up 43% vs year ago led by a strong sales growth, productivity interventions and innovation. The company said it continued to strengthen its position as a leading player in the blades & razors category in the quarter.

Kumar Venkatasubramanian, managing director, Gillette India said, We have delivered a strong double-digit growth across both topline and bottom line in the quarter. These results are a testament to our teams’ execution of the integrated growth strategy, which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization – all aimed at delivering sustainable, balanced growth and value creation.

Profit before tax stood at Rs 177.25 crore in the Q1 FY25, up 41.6% YoY and up 14.19% QoQ.

Total expenses rose 11.6% to Rs 591.33 crore in Q1 FY25 over Q1 FY24. During the quarter, cost of materials consumed stood at Rs 172.27 crore (down 3.8% YoY) while employee benefits expense was at Rs 48.11 crore (down 9.9% YoY).

Gillette India is one of India’s well-known FMCG companies that has some of the world’s leading brands Gillette, Oral B, Venus and Braun.

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Net profit of Gillette India rose 43.50% to Rs 133.01 crore in the quarter ended September 2024 as against Rs 92.69 crore during the previous quarter ended September 2023. Sales rose 17.12% to Rs 781.82 crore in the quarter ended September 2024 as against Rs 667.55 crore during the previous quarter ended September 2023.

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