Latest news with #GilletteIndiaLimited
Fashion Network
3 days ago
- Business
- Fashion Network
Gillette India Q4 net profit rises 60 percent to Rs 159 crore
Gillette India Limited (GIL) reported a net profit increase of 60 percent to Rs 159 crore ($18.7 million) in the March quarter of financial year 2024-25, compared to Rs 99 crore in the corresponding quarter of the previous financial year. The company's revenue for the quarter rose by 12 percent to Rs 767 crore, as against Rs 681 crore in the corresponding quarter of the previous fiscal year. For the financial year 2024-25, GIL reported sales of Rs 767 crore recording a profit after tax of Rs 418 crore. Commenting on the results, V Kumar, managing director of GIL in a statement said, 'The growth has been led by our grooming category. The consistent results year-on-year have been enabled by our teams' superior execution of the integrated strategy which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organisation – all aimed at delivering sustainable, balanced growth and value creation.' Gillette India is engaged in the manufacturing and sale of fast-moving consumer goods with strong presence in the grooming segment.
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Business Standard
26-05-2025
- Business
- Business Standard
Gillette India net profit rises 60% to ₹159 cr, revenue grows 12%
Gillette India Limited (GIL) reported a net profit increase of 60 per cent to ₹159 crore in the March quarter of financial year 2024-25, compared to ₹99 crore in the corresponding quarter of the previous financial year. The revenue from operations rose by 12 per cent to ₹767.47 crore in the quarter under review, compared to ₹680.74 crore in the March quarter last year. GIL concluded FY 2024-25 with sales of ₹767 crore, reflecting a 13 per cent growth over the prior year. The Board of Directors has proposed a final dividend of ₹47 per equity share for the financial year ended 31 March 2025, pending shareholder approval at the upcoming 41st Annual General Meeting. Including the interim dividend of ₹65 per share, the total dividend for the fiscal year amounts to ₹112 per share. The company also changed its financial year timeline. 'Effective this year, we have changed our financial year from 1 July – 30 June to 1 April – 31 March. The current financial year of the company covers a period of nine months, from 1 July 2024 to 31 March 2025,' it said. The company's performance has therefore been indexed versus the comparable nine-month period in the previous year (1 July 2023 to 31 March 2024). The performance versus a 12-month past fiscal will not be comparable. For the nine months ended 31 March 2025, GIL posted sales of ₹2,235 crore, representing a 12 per cent increase compared to the corresponding nine-month period last year. 'Driven by strong topline growth as well as deliberate productivity interventions to fuel superiority across the portfolio,' the company said in an exchange filing. V Kumar, Managing Director, GIL, said, 'The growth has been led by our Grooming category. The consistent results year-on-year have been enabled by our teams' superior execution of the integrated strategy which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organisation – all aimed at delivering sustainable, balanced growth and value creation.'
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Business Standard
26-05-2025
- Business
- Business Standard
Gillette India Q4 results: Net profit rises 60% to ₹159 cr, revenue up 12%
Gillette India Limited (GIL) net profit increased by 60 per cent to ₹159 crore in the fourth quarter of financial year 2024-25, it ₹99 crore in the corresponding quarter of previous financial year. The revenue from operations rose by 12 per cent to ₹767.47 crore in the Q4FY25, it was ₹680.74 crore in the same quarter last year. GIL concluded FY 2024-25 with sales of ₹767 crore, reflecting a 13 per cent growth over the prior year. The Board of Directors has proposed a final dividend of ₹47 per Equity Share for the financial year ended March 31, 2025, pending shareholder approval at the upcoming 41st Annual General Meeting. Including the interim dividend of ₹65 per share, the total dividend for the fiscal year amounts to ₹112 per share. GIL recorded a profit after tax (PAT) of ₹418 crore for the fiscal year, reflecting a 41 per cent increase compared to the same period last year. The company performance has therefore been indexed versus the comparable 9-month period in the last year (July 1, 2023, to March 31, 2024). The performance versus a 12-month past fiscal will not be comparable. For the nine months ended March 31, 2025, GIL posted sales of ₹2,235 crore, representing a 12 per cent increase compared to the corresponding nine-month period last year. ''Driven by strong topline growth as well as deliberate productivity interventions to fuel superiority across the portfolio.'' the company said in an exchange filing. V Kumar, Managing Director, GIL, said, 'The growth has been led by our Grooming category. The consistent results year-on-year have been enabled by our teams' superior execution of the integrated strategy which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization – all aimed at delivering sustainable, balanced growth and value creation.'.
The Hindu
24-05-2025
- Business
- The Hindu
Madras High Court permits Gillette to take possession of imported dental floss consignment without registering it as a medical device
The Madras High Court has permitted Gillette India Limited to take possession of two consignments of dental floss, imported by it in July 2024, without registering them as a non sterile, non measuring medical device under the Medical Devices Rules of 2017. Justice D. Bharatha Chakravarthy allowed a writ petition filed by the company and set aside the orders passed by Deputy Drugs Controller (I), Central Drugs Standard Control Organisation refusing to issue no objection certificate (NOC) for the release of the goods. The judge directed the Deputy Drugs Controller under the Central Drugs Standard Control Organisation as well as the Deputy Drugs Controller at Chennai airport to ensure that the goods were released forthwith after issuance of NOC by the appropriate authorities. The court pointed out that the notification based on which the officials insisted on registering dental floss under Medical Device Rules was only in the draft stage and that the petitioner had imported the goods much before the notification was issued on January 6, 2025. Justice Chakravarthy also recordeed the submission of the petitioner's counsel Thriyambak J. Kannan that the dropdown menu in the medical devices online portal does not contain the option of registering dental floss and therefore, it was impossible to register it.
