Gillette India net profit up 11.9% to Rs 42.89 cr for Sept quarter

MUMBAI: Gillette India today posted a 11.9 per cent increase in its net profit to Rs 42.89 crore in the quarter ended September 30, over the same period last fiscal.

The company said its board of director has recommended a dividend of Rs 15 per equity share amounting to Rs 48.88 crore for the year ended June 30, 2010.

During the period, the company recorded a 39.19 per cent jump in its net sales to Rs 247.01 crore, as compared to the corresponding quarter last fiscal. It had a net sales of Rs 177.46 crore in the year-ago period.

The firm sells razor and other men's grooming products under the brand 'Gillette'.

Shares of Gillette India closed at Rs 1,904.95, up 0.66 per cent from previous close on the Bombay Stock Exchange.