Gillette net up twofold to Rs 80.85 cr

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Published: May 6, 2016 5:36:08 AM

Men's personal care company, Gillette India on Thursday recorded a year-on-year increase in its net profit by 162.84% at Rs 80.85 crore for the quarter ending March 2016.

Men’s personal care company, Gillette India on Thursday recorded a year-on-year increase in its net profit by 162.84% at Rs 80.85 crore for the quarter ending March 2016. The company said this growth was driven by its focus on brand fundamentals and strength of product portfolio.

The net sales for the quarter recorded a growth of 11.96% at Rs 552.76 crore against Rs 493.68 crore from the previous year’s quarter. Sales in the grooming sector jumped up 15%as compared to previous year where as the oral care sector dipped by 9%. The company has benefited from portfolio optimisation.

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