| Hot Pursuit | Tuesday, April 27, 2010 13:48 Hrs IST |
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Gillette India spurts after robust earnings Gillette India jumped 5.45% to Rs 1,574 at 13:48 IST on BSE after net profit rose 50.04% to Rs 42.70 crore on 29.12% rise in sales to Rs 221.81 crore in Q3 March 2010 over Q3 March 2009.
The result was announced during trading hours today, 27 April 2010. Meanwhile, the BSE Sensex was down 32.37 points, or 0.18%, to 17,712.91. On BSE, 16,461 shares were traded in the counter as against an average daily volume of 1760 shares in the past one quarter. The stock hit a high of Rs 1,590, which is also its 52-week high. It hit a low of Rs 1,498 so far during the day. The stock had hit a 52-week low of Rs 712 on 11 May 2009. The stock had outperformed the market over the past one month till 26 April 2010, gaining 6.24% compared with the Sensex's 0.57% gain. It outperformed the market in past one quarter, spurting 12.39% as against 5.75% rise in the Sensex. The mid-cap personal care products maker has an equity capital of Rs 32.59 crore. Face value per share is Rs 10. The company said the growth was led by robust demand for its brands like Gillette and Oral B. The Gillette brand grew double digit behind a successful re-launch of Mach 3 and disposable razors. Oral B also delivered strong results with growth across the three tiers and distribution expansion. Duracell continued to grow share in the batteries category as well.
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