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Gillette slips despite reporting 23% rise in Q3 net profit

Gillette India is currently trading at Rs. 7097.30, down by 184.70 points or 2.54% from its previous closing of Rs. 7282.00 on the BSE.

The scrip opened at Rs. 7599.00 and has touched a high and low of Rs. 7599.00 and Rs. 7037.20 respectively. So far 2092 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 7906.00 on 16-Apr-2019 and a 52 week low of Rs. 6200.00 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 7599.00 and Rs. 7037.20 respectively. The current market cap of the company is Rs. 23302.99 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.38% and 13.62% respectively.

Gillette India has reported a rise of 23.05% in its net profit at Rs 87.76 crore for the quarter ended March 31, 2019 as compared to Rs 71.32 crore for the same quarter in the previous year. Total income of the company marginally increased by 3.59% at Rs 468.84 crore for Q3 as compared Rs 452.60 crore for the corresponding quarter previous year.

Gillette India is a renowned player in the FMCG industry. The company is in the business of manufacturing Blades and Razors, Oral care and Portable Power. Company has created brands like Duracell, Oral-B, MACH3 Turbo and 7o’clock. The company also in the business activities of Grooming, Oral Care, Portable Power.

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