Fundamental Recommendation

GILLETTE INDIA LTD

BUY:Rs.7674.85
Target:Rs.8600
Ticker : 507815
FV: Rs.10 
Equity: Rs. 32.59 Cr.
52-Week H/L:Rs.7906/6200



Gillette India Limited is engaged in the manufacturing and sale of branded packaged fast moving consumer goods in the grooming, portable power and oral care businesses. The grooming segment includes shaving system and cartridges, blades, toiletries and components. The portable power segment includes batteries. During Q3FY19, net sales stood at Rs 475.66 crore in December 2018, up 16.72 per cent from Rs 407.52 crore in December 2017. The company’s net profit stood at Rs 53.99 crore in December 2018, down 8.13 per cent from Rs 58.77 crore in December 2017. The company has a wide portfolio of products, innovation capability and strong market execution capability and has managed to improve its share. Its share in the oral care segment has also remained encouraging, supported by new innovative product launches. Thus, we recommend a BUY.