CapitalMarket.com - Gillette India rallies on robust earnings
Hot Pursuit Tuesday, October 27, 2009 15:07 Hrs IST

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Gillette India rallies on robust earnings

Gillette India jumped 5.66% to Rs 1175 at 15:06 IST after the net profit soared 91.21% to Rs 38.32 crore on a 24.25% increase in sales to Rs 177.46 crore in Q1 September 2009 over Q1 September 2008.

The result was announced during market hours today, 27 October 2009.

Meanwhile, the BSE Sensex was down 343.96 points, or 2.05%, to 16390.68.

On BSE, 22,474 shares were traded in the counter as against an average daily volume of 4379 shares in the past one quarter.

The stock hit a high of Rs 1190 and a low of Rs 1090 so far during the day. The stock had hit a 52-week high of Rs 1175 on 14 October 2009 and a 52-week low of Rs 520 on 27 October 2008.

The stock had outperformed the market over the past one month till 26 October 2009, rising 4.96% as compared to the Sensex 0.28% rise. It outperformed the market in past one quarter, soaring 31.98% as against 8.85% rise in the Sensex.

The mid-cap men's grooming and oral care products maker has an equity capital of Rs 32.59 crore. Face value per share is Rs 10.

The current price of Rs 1175 discounts the company's Q4 June 2009 annualised EPS of Rs 46.79, by a PE multiple of 25.11.

Gillette India manufactures consumer products. The company operates in three segments: grooming, oral care, and portable power. Its product line includes blades, razors and toiletries.

Promoters have pledged 1.58 lakh shares representing 0.49% of the equity capital of the company. Total promoters shareholding in the company is 88.73% (as on June 2009).

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