Gillette India Limited (GIL) today announced its financial results for the second quarter ended December 31, 2019. The company delivered sales of Rs. 459 crores, down 3% vs. year ago due to market slowdown and trade inventory correction. Profit After Tax (PAT) for the quarter stood at Rs. 71 crores, up 32% vs. year ago.
Madhusudan Gopalan, Managing Director, Gillette India Ltd. said, "In a challenging macro-economic environment, we delivered a resilient quarter by raising the bar on superiority, improving productivity, and strengthening the organization culture. Despite market challenges, the business grew ahead of the market as Gillette achieved its highest-ever share and strong off-take growth. We will continue to focus on adding new users and invest on innovation across our portfolio."
Shares of GILLETTE INDIA LTD. was last trading in BSE at Rs.6355.55 as compared to the previous close of Rs. 6405.7. The total number of shares traded during the day was 3398 in over 1056 trades.
The stock hit an intraday high of Rs. 6649 and intraday low of 6323. The net turnover during the day was Rs. 22003996.