Gillette Q1 profit zooms 63 pc to Rs 55 crore

Gillette India today reported a 63.45 per cent jump in standalone net profit at Rs 54.84 crore for the quarter ended September 30, mainly on account of productivity and cost efficiencies.
The company, which follows July-June financial year, had posted a net profit of Rs 33.55 crore in the corresponding period of the last financial year.
Its total income from operation was up 7.59 per cent at Rs 419.29 crore during the quarter under review as against Rs 389.68 crore in the same period last fiscal.
“The company has benefited from portfolio optimisation, even as it continues to focus on productivity and cost efficiencies,” said Gillette India.
Sales in grooming were up 12 per cent compared to previous year, While its oral care business was down 6 per cent.
Its total expenses were down marginally 0.44 per cent during July-September quarter to Rs 346.39 crore compared to Rs 347.95 crore in the same period last year.
Shares of Gillette India today settled at Rs 4,393.15 on BSE, up 0.41 per cent from previous close