Gillette sales up 12%, PAT grew 36% during June quarter
Gillette India Limited (GIL) posted a 12% increase in sales during the quarter ended June to Rs619 crore, attributing it to strong brand fundamentals and superior retail execution.
Profit after tax (PAT) for the quarter was up 36 per cent to Rs92 crore. During the year ended June, the country's biggest shaving products maker posted sales of Rs 2477 crore, up 10% versus a year ago, despite unprecedented headwinds from macroeconomic challenges and commodity inflation during the year.
PAT for the fiscal year was Rs356 crore, up 23 per cent.
“The April – June quarter provided a strong finish to the fiscal year, closing at double digit top-line and bottom-line growth. Our consistent results can be attributed to our robust integrated growth strategies of focusing on daily use categories where performance drives brand choice, irresistible superiority (across product, packaging, communication, goto-market execution, and value), productivity, constructive disruption, and an agile and accountable organization structure and culture," LV Vaidyanathan, Managing Director, Gillette India Ltd.
said.
The company said as it moves into the new fiscal year, it will continue to focus on growth strategies towards delivering balanced and sustained growth in a competitive macroeconomic environment.
In the year, the company introduced new innovations to delight the Indian consumers including the relaunch of Gillette Fusion as a styling tool, Venus Swirl and Oral-B SensitiveX – a premium sensitive toothbrush. The company recorded the highest-ever market share in the blades and razors category in FY 2022-2023.
