Gillette India's Q4 PAT more than doubles to Rs106cr, declares special dividend; Stock climbs over 2.5%

In the fourth quarter, Gillette posted revenue from operations of Rs536.62cr compared to Rs406.57cr of Q4FY20 and Rs520.42cr of Q3FY21.

May 06, 2021 01:05 IST India Infoline News Service

Quarterly Results
Gillette India's net profit more than doubled to Rs105.66cr for the quarter ending March 2021 (Q4FY21) period compared to a profit of Rs52.38cr a year ago same period. The company recorded a PAT of Rs81.90cr in the preceding quarter.

In the fourth quarter, Gillette posted revenue from operations of Rs536.62cr compared to Rs406.57cr of Q4FY20 and Rs520.42cr of Q3FY21.

Madhusudan Gopalan, Managing Director, Gillette India Ltd. said, “Since the outbreak of the pandemic, our continued focus has been on protecting the health and safety of our people, serving the Indian consumers with our personal hygiene products, and supporting communities in need through our relief efforts. For the third consecutive quarter, we delivered double-digit profitable growth in a challenging environment driven by strong portfolio of trusted products and strong retail execution. Our strategy of driving superiority, improving productivity, leading constructive disruption, and strengthening our organization and culture has enabled us to consistently deliver results and continue to be the right strategies to deliver balanced growth in the longterm.”

He further added, “Our sites continue to operate with the highest health and hygiene standards. Our qualified team of medical experts are working round the clock to support our people and their families on health-related queries. We are continuing to extend our support to the communities in these tough times. As a group, we recently announced our pledge to donate INR 50 Cr towards 10 lakh vaccine doses for 5 lakh citizens in partnership with state governments and local authorities.”

Further, the company's board declared a special interim dividend of Rs50 on every equity share of Rs10. The record date for the dividend will be May 14, 2021.

Gillette highlighted that the company has delivered balanced growth in recent years behind its focus on driving superiority, improving productivity, and strengthening the organization culture. This year also marks a decade of Gillette Guard’s launch in India. The dividend demonstrates the company’s intent to reward shareholders for strong results in a competitive market environment.

At around 1.18 pm, Gillette was trading at Rs5589 per piece up by Rs140.60 or 2.58% on Sensex.

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