Gillette India Ltd's Q1FY17 standalone net profit rises 77% yoy to Rs.55 crore

India Infoline Research Team | December 01, 2016 15:02 IST

Gillette India Ltd Q1FY17

Standalone Results Q1FY17: (Rs. in crore)

Q1FY17 YoY (%)
Revenue 419 7
EDITDA 81 11
EBITDA Margin (%) 19.3 61
Net Profit (adjusted) 55 77
***EBITDA margin change is bps

Gillette India (GILLETTE) posted a 7% yoy growth in revenue with growth in grooming business. EBITDA grew 11% yoy to Rs 81 Cr Net profit grew 77% yoy to Rs 55 Cr.

GILLETTE posted a 7% yoy growth in revenue to Rs 419 Cr driven by strengthening product portfolio and in-store execution. The revenue was supported by 12 yoy growth in grooming segment.

EBITDA at Rs 81 Cr grew 11% yoy. This led to a 61bps yoy expansion in EBITDA margin to 19.3% which was mainly due to lower other expenses whereas, the ad spends grew 10% yoy to Rs 55 Cr.

Net profit grew 77% yoy to Rs 55 Cr supported by higher revenues and lower costs led by operational efficiency and other income of Rs 9 Cr from interest on Income Tax refund. 

Technical View:

Gillette India Ltd is currently trading at Rs. 4432, up by 56.95 points or 1.3% from its previous closing of Rs. 4375.05 on the BSE.
The scrip opened at Rs. 4390 and has touched a high and low of Rs. 4526.8 and Rs. 4320.05 respectively. So far 36971(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

BSE 4,273.05 [120.10] ([2.73]%)
NSE 4,314.60 [96.25] ([2.18]%)

***Note: This is a NSE Chart

 

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