Gillette India announces quarterly profit of Rs.28.81 crores

Gillette India Ltd has announced the Unaudited results for the quarter ended March 31, 2007. The Company has posted a net profit of Rs 288.10 million for the quarter ended March 31, 2007 as compared to net loss of Rs 15.20 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 449.30 million for the quarter ended March 31, 2006 to Rs 1258.70 million for the quarter ended March 31, 2007.

Sharing perspective on the results, Managing Director - of the Company, Mr. Shantanu Khosla said, "The growth in sales coupled with growing market shares is a testimony to our relentless focus on building our brands. Our transition to the new organization and sales and distribution structure is largely complete, and is delivering results in line with expectations."

The stock closed the day at Rs.886, up by Rs.31.25 or 3.66%. The total traded quantity was 803 compared to 2 week average of 802. The stock hit an intraday high of Rs.887 and low of Rs.841.

Source : Equity Bulls

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