Gillette India Q1 net profit at Rs 55 crore, up 64% YoY

India Infoline News Service | Mumbai | December 01, 2016 14:59 IST

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.

Gillette India  said its sales in grooming segment grew 12% in Q1 September 2016 over Q1 September 2015, driven by strong brand fundamentals and product portfolio. The company said its sales in oral care segment declined 6% in Q1 September 2016 over Q1 September 2015, behind portfolio optimization to enable profitability.

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.

Stock Commentary:

Gillette India Ltd is currently trading at Rs 4420, up by Rs 44.95 or 1.03% 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 34923(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 14258.29 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 4888 on 09-Aug-2016 and a 52 week low of Rs 3805 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 4410 and Rs 4161.5 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 9.9 % and 15.1 % respectively.

The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.