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Stock Report
Gillette India reports net profit of Rs.43.24 Crores for quarter ending June 30, 2007
Posted On : 2007-08-24 08:06:51( TIMEZONE : IST )
Gillette India Ltd has announced the following results for the quarter & year (18 months) ended June 30, 2007. The Unaudited results for the Quarter ended June 30, 2007: The Company has posted a net profit of Rs 432.40 million for the quarter ended June 30, 2007 as compared to Rs 317.60 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 1475.60 million for the quarter ended June 30, 2006 to Rs 1572.40 million for the quarter ended June 30, 2007.
The Audited results for the Year (18 months) ended June 30, 2007: The Company has posted a net profit of Rs 1423.60 million for the year ended June 30, 2007 as compared to Rs 989.70 million for the year ended June 30, 2006. Total Income (net of excise) has increased from Rs 6634.60 million for the year ended June 30, 2006 to Rs 7165.00 million for the year ended June 30, 2007.
The figures for the year (18 months) ended June 30, 2006 are Unaudited.
Sharing perspective on the results, Managing Director - of the Company, Mr. Shantanu Khosla said, "Gillette India Limited continues its growth momentum to enhance shareholder value. The Company has recorded strong growth in all business segments, in both the 3 month and 18 month periods respectively. This is a result of sustained focus on franchise building and upgrading consumers to higher value and better quality products. Our transition to the new organization, sales and distribution structure is working well and is reflected in the consistent increase top-line and margins, post integration with P&G."
The Board of Directors of the Company at its meeting held on August 24, 2007, inter alia, has declared a final dividend of Rs 7.5 per equity share for the year ended June 30, 2007. The Company had already declared an interim dividend of Rs 10/- per equity share on February 27, 2007. Thus the total dividend paid by the Company would be Rs 17.5 per equity share for the year 2006-2007.
The dividend would be paid, subject to the approval of the shareholders at the Annual General Meeting.
