Personal Products company Gillette India announced Q3FY24 results:
- Gillette India Limited reported a sales increase to Rs 681 crore, showing a substantial growth of 10% compared to the previous year.
- The Profit After Tax (PAT) showed a remarkable operational increase of 20%, reaching Rs 99 crores, owing to top-line growth and premiumization strategies.
- Despite the operational increase in PAT, the reported profit after tax experienced a decline of 4% against the previous year. This was due to one-time tax effects in both the base year and the reporting quarter.
LV Vaidyanathan, Managing Director, Gillette India shared, “We continue to deliver strong top line and share growth driven by our teams’ excellent execution of our integrated growth strategy. We remain committed to a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution and consumer and customer value — productivity, constructive disruption, and an agile and accountable organization. We are confident that these strategies will continue to help us deliver balanced growth and value creation.”