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(30 Apr 2024, 11:45)

Gillette India Q3 PAT declines to Rs 99 cr

Gillette India reported 3.5% decline in net profit to Rs 99.09 crore in the third quarter ended 31 march 2024 as against Rs 102.70 crore recorded in the same period a year ago.


Profit after tax (PAT) increased by 20% due to top-line growth, premiumization, and productivity interventions, while reported PAT fell by 4% due to one-time tax impacts in base and current quarters.

Revenue from operations grew by 10% year on year to Rs 680.74 crore in the quarter ended 31 March 2024, driven by superior innovations across the portfolio, and strong brand fundamentals.

Profit before tax stood at Rs 142.82 crore in the March quarter, up 16.2% from Rs 122.87 crore reported in the corresponding quarter previous year.

During the quarter, the company's revenue from Grooming was at Rs 557.71crore (up 13.5% YoY) and revenue from Oral Care stood at Rs 123.03 crore (down 3.67% YoY).

LV Vaidyanathan, managing director, Gillette India, said, “We continue to deliver str...

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