Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Gillette India net profit drops 39.02 pct at Rs 15.14 cr in July-Sept

Oct 31 2013, 18:21 IST
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Shares of Gillette India closed at Rs 2,099.45, up 0.26 per cent from its previous close on the BSE Shares of Gillette India closed at Rs 2,099.45, up 0.26 per cent from its previous close on the BSE
SummaryGillette India reported 39.02 per cent decline in net profit to Rs 15.14 crore.

Gillette India today reported 39.02 per cent decline in net profit to Rs 15.14 crore for the quarter ended September 30, 2013.

The company had reported net profit of Rs 24.83 crore for the same period last year.

Gillette's net sales for the quarter stood at Rs 387.17 crore, up 15.64 per cent as against Rs 334.8 in the corresponding period a year ago.

"Profit after tax (PAT) was in line with expectations given the planned launch of investment in Oral B toothpaste," Gillette said in a statement.

During the quarter, revenue from grooming segment went up by 13.36 per cent at Rs 271.31 crore, while revenue from portable power went up by 9.36 per cent at Rs 18.22 crore and revenue from oral care business increased by 23.21 per cent at Rs 98.07 crore.

Commenting on the result, Gillette India Managing Director Shantanu Khosla said: "Gillette India continues to deliver sustained growth across all categories, driven by strong results on the base business. We will continue our focus on winning with customer through superior value creation."

Overall expenses during the quarter were at Rs 372.53 crore, an increase of 20.61 per cent compared with Rs 308.86 crore in the same quarter a year ago.

Shares of Gillette India closed at Rs 2,099.45, up 0.26 per cent from its previous close on the BSE.

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