Personal Products company Gillette India announced Q3FY23 (year ending Jun'23) results:
- The company delivered sales of Rs 619 crore, up 9% vs a year ago behind strong brand fundamentals, strength of product portfolio, superior innovation, and improved retail execution
- The company continued to make sequential progress in profit growth with Profit After Tax (PAT) at Rs 103 crore, up 12% operationally vs a year ago
- Reported profit after tax was up 48% vs a year ago due to one-time tax impacts
- Gillette continues to maintain market leadership, recording the highest-ever share in Q3FY23
LV Vaidyanathan, Managing Director, Gillette India said, “We have continued to deliver strong growth in sales and profit, despite a challenging operating environment. We remain committed to our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organizational structure. These strategies build on each other and have collectively aided us in driving and sustaining a strong momentum. Our team’s strong execution of these strategies has enabled four quarters of consistent sales and profit growth. We’re confident they remain the right strategies to deliver balanced growth and value creation going forward.”