Gillette India Q2 net profit rises 41.04% at Rs 51.99 crore

NEW DELHI: Gillette India today reported a 41.04 per cent jump in its net profit at Rs 51.99 crore for the quarter ended December 31, 2015.

The company, which follows July-June financial year, had posted a net profit of Rs 36.86 crore in the corresponding period last fiscal.

Its net sales during the period under review stood at Rs 508.28 crore as against Rs 498.09 crore in the year-ago quarter, up 2.04 per cent, Gillette India said in a BSE filing.

Revenue from its flagship grooming segment grew by 8.88 per cent to Rs 371.13 crore compared with Rs 340.84 crore last fiscal, while its oral care segment sales declined by 15.63 per cent to Rs 108.5 crore as against Rs 128.61 crore reported in the corresponding period in the previous year.

Gillette said it continues to "focus on portfolio optimisation, productivity and cost efficiency".

Shares of Gillette India closed 0.05 per cent lower at Rs 4,398.90 per scrip on the BSE.