Buy Gillette India, target price Rs 8920: HDFC Securities

HDFC Securities has buy call on Gillette India with a target price of Rs 8920. The current market price of Gillette India Ltd. is Rs 7448.6.

Gillette India Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 24302.05 Crore) operating in FMCG sector.

Gillette India Ltd. key Products/Revenue Segments include Personal Care for the year ending 30-Jun-2023.



Financials
For the quarter ended 31-03-2024, the company has reported a Standalone Total Income of Rs 686.43 Crore, up 6.15 % from last quarter Total Income of Rs 646.65 Crore and up 8.81 % from last year same quarter Total Income of Rs 630.84 Crore. Company has reported net profit after tax of Rs 99.09 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 0.71 per cent, DIIs 12.82 per cent.