financetom
Market
financetom
/
Market
/
Gillette India shares drop after grooming business growth offset by oral care
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gillette India shares drop after grooming business growth offset by oral care
Nov 4, 2022 7:56 AM

Share Market Live

NSE

Gillette India Ltd.'s net profit grew 6 percent year-on-year for the September quarter led by premiumisation and productivity inventions. Compared to the pre-Covid period, net profit has risen 41 percent during the quarter.

The company's bottomline for the quarter stood at Rs 86.78 crore while revenue increased 8 percent from last year to nearly Rs 620 crore.

Revenue growth was owing to strength of the company's product portfolio and better retail execution.

Compared to the pre-Covid period, Gillette India's overall sales are up 34 percent.

The company, of which 75 percent is owned by Procter & Gamble, reported a rise of 8 percent in its operating profit or EBITDA from the same period last year despite significant macroeconomic headwinds, which were offset by a superior product, packaging and proposition.

Most of the growth came from the company's grooming business, which grew 16 percent from last year. The growth here was offset by the oral care business, which saw a decline of 13 percent compared to last year.

Shares of Gillette India ended 0.9 percent lower on Friday at Rs 5,144. The stock is down 3 percent this year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Imperial Oil Provides 2025 Corporate Guidance; Shares Slightly Down in U.S. Pre-Market Trading
Imperial Oil Provides 2025 Corporate Guidance; Shares Slightly Down in U.S. Pre-Market Trading
Dec 12, 2024
08:57 AM EST, 12/12/2024 (MT Newswires) -- Imperial Oil ( IMO ) 's share price inched down 0.6% at last look Thursday in NYSE American pre-market trading as the company released its guidance for 2025. The company expects to report upstream production of 433,000 to 456,000 barrels of oil equivalent per day (boe/d) in 2025. Imperial estimated its capital and...
Sector Update: Financial
Sector Update: Financial
Dec 12, 2024
08:52 AM EST, 12/12/2024 (MT Newswires) -- Financial stocks were leaning lower premarket Thursday with the Financial Select Sector SPDR Fund (XLF) declining slightly. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% higher. MetLife ( MET ) shares were up 1.5% after the company...
Sector Update: Tech
Sector Update: Tech
Dec 12, 2024
08:47 AM EST, 12/12/2024 (MT Newswires) -- Technology stocks fell in Thursday's pre-bell hours with the Technology Select Sector SPDR Fund (XLK) down 0.7% and the SPDR S&P Semiconductor ETF (XSD) 0.3% lower recently. Adobe (ADBE) shares were nearly 11% lower after the company reported higher fiscal Q4 earnings and sales, but issued a fiscal Q1 revenue outlook below market...
Sector Update: Health Care
Sector Update: Health Care
Dec 12, 2024
08:51 AM EST, 12/12/2024 (MT Newswires) -- Health care stocks were mixed pre-bell Thursday with the Health Care Select Sector SPDR Fund (XLV) up 0.04% and the iShares Biotechnology ETF (IBB) down 0.01% recently. Keros Therapeutics ( KROS ) shares slumped by over 73% after the company said it voluntarily halted dosing in the 3 mg/kg and 4.5 mg/kg treatment...
Copyright 2023-2025 - www.financetom.com All Rights Reserved