Mid-cap stock, engaged in manufacturing and selling branded packaged FMCG in the grooming and oral care businesses surged above 12 percent following a 43.4 percent year-on-year growth in net profit for Q2 FY25.
Share price variations:
With a market capitalization of Rs. 30,270.69 crores, Gillette India Ltd. rose to an intraday high of Rs. 9,569.50 representing a 12.37 percent increase from its previous closing price of Rs. 8,515.60 per share.
Reason for the Rise:
According to exchange filings, Gillette India Ltd reported a 43.4 percent year-on-year increase in net profit for Q2 FY25, reaching Rs 133.01 crore, up from Rs 92.69 crore in Q2 FY24. On a quarter-on-quarter basis, net profit surged by 14.69 percent, rising from Rs. 115.97 crore in Q1 FY25.
Revenue grew by 16.66 percent year-on-year to Rs. 788.87 crore, compared to Rs. 676.19 crore in the same period last year. Sequentially, revenue increased by 21.38 percent from Rs. 649.91 crore in Q1 FY25.
Segment-wise, revenue stands at Rs. 648.9 crore from grooming products, contributing 83 percent, and Rs. 132.92 crore from oral care products, contributing 17 percent of total revenue.
For the first half of FY25, revenue rose by 10.6 percent to Rs. 1438.78 crores, up from Rs. 1300.41 crores in H1 FY24, while net profit increased by 35 percent, reaching Rs. 248.98 crores compared to Rs. 184.44 crores in the previous year.
About the company:
Incorporated in 1984 Gillette India Ltd is engaged in manufacturing and selling branded packaged fast-moving consumer goods in the grooming and oral care businesses.
Their manufacturing facilities are located at Bhiwadi in Rajasthan and Baddi in Himachal Pradesh, apart from third-party manufacturing locations spread across India. The personal Grooming segment includes blades, razors, and toiletries. Oral Care segment includes toothbrushes and oral care products.
Written By: Joseph Pv
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