Gillette India Q3 net up 14 per cent at Rs 24 crore

NEW DELHI: Gillette India today said its net profit rose by 13.94 per cent to Rs 23.62 crore for the third quarter ended March 31, 2012, on the back of robust sales across various business segments.

The company had posted a net profit of Rs 20.73 crore in the same period of previous year, Gillette India said in a filing to the BSE.

Net sales of the company rose to Rs 331.97 crore in the same period of previous year, as compared to Rs 263.11 crore in the corresponding period of last year.

Commenting on the results, Gillette India Managing Director Shantanu Khosla said, "Two successful marketing initiatives undertaken this quarter include Gillette Fusion Shave India Movement and Oral B Smile India Movement, which helped increase market share for both brands across product portfolios."

In a separate filing, the company said its board has approved the re-appointment of Shantanu Khosla as the Managing Director of the company for a period of five years with effect from January 29, 2012.

Shares of Gillette India today closed at Rs 2,500 on the BSE, down 0.58 per cent from its previous close.