Gillette India Limited (GIL) today announced its financial results for the fiscal ended June 30, 2019. The company delivered sales of Rs. 1,862 crores, up 11% vs. year ago behind strong brand fundamentals. Profit After Tax (PAT) for the financial year stood at Rs. 253 crores up 10% vs. year ago. For the quarter ended June 30, 2019, the sales were Rs. 464 crores up 13% vs. year ago.
Madhusudan Gopalan, Managing Director, Gillette India Limited. said, "In a challenging market environment, we delivered strong double-digit growth for the year and the fourth quarter. Our focus on raising the bar on superiority, improving productivity, and strengthening the organization culture has enabled us to deliver strong results consistently throughout the fiscal. We will continue to focus on delivering balanced and sustained growth in a challenging and competitive macroeconomic environment."
Both the Grooming and Oral Care businesses delivered double-digit sales growth during the year behind strong brand fundamentals, strength of the portfolio and improved in-store execution.
The directors have recommended a final dividend of ?25/- per Equity Share for the Financial Year ended June 30, 2019, subject to the approval of Shareholders of the company at the ensuing 35th Annual General Meeting.
Shares of GILLETTE INDIA LTD. was last trading in BSE at Rs.7077.8 as compared to the previous close of Rs. 7033.75. The total number of shares traded during the day was 53 in over 27 trades.
The stock hit an intraday high of Rs. 7093.75 and intraday low of 7025.35. The net turnover during the day was Rs. 374207.