The company said its business operations were disrupted across the country following the nationwide lockdown imposed to contain the spread of COVID-19. The company's total expense reduced 36% to Rs 286.04 crore in quarter ending June 2020 from Rs 450.59 crore in quarter ending June 2019. Profit before tax surged 322% to Rs 66.7 crore in Q4 June 2020 over Q4 June 2019. Total tax expense stood at Rs 21.73 crore in Q4 June 2020 as against a tax rebate of Rs 30 crore in the same period last year.

Commenting on company's performance, Madhusudan Gopalan, MD Gillette India said, In April-May, our sales were significantly impacted due to the pandemic related lockdown, which reduced the shaving frequency among consumers. With the easing of the lockdown, we saw a sharp recovery in June/July to pre-COVID levels. While the unprecedented market challenges and uncertainties remain in the near-term, we will continue to stay focused on our strategy to drive superiority and improve productivity, and aim to drive balanced growth.”

Meanwhile, the board recommended a final dividend of Rs 49 per equity share for the financial year ended 30 June 2020.

Shares of Gillette India were up 2.99% at Rs 5,687.95 on BSE. The result was announced after market hours yesterday, 26 August 2020.

Gillette India is engaged in the manufacturing and sale of branded packaged fast moving consumer goods in the grooming, portable power and oral care businesses.

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Gillette India announced that the Board of Directors of the Company at its meeting held on 26 August 2020, inter alia, have recommended the dividend of Rs.49 per equity share (i.e.490%), subject to the approval of the shareholders.

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Net profit of Gillette India declined 1.86% to Rs 44.97 crore in the quarter ended June 2020 as against Rs 45.82 crore during the previous quarter ended June 2019. Sales declined 24.35% to Rs 350.98 crore in the quarter ended June 2020 as against Rs 463.97 crore during the previous quarter ended June 2019.

For the full year,net profit declined 8.99% to Rs 230.18 crore in the year ended June 2020 as against Rs 252.92 crore during the previous year ended June 2019. Sales declined 9.81% to Rs 1679.06 crore in the year ended June 2020 as against Rs 1861.65 crore during the previous year ended June 2019.

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Gillette India will hold a meeting of the Board of Directors of the Company on 26 August 2020.

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