Review

GILLETTE INDIA LTD.

Ticker : 507815
FV: Rs.10
52-Week H/L: Rs. 7906/6200



We had recommended Gillette India in volume 35, no. 26 (Apr 22, 2019), when the scrip was trading at Rs 7,674.85. Our recommendation was backed by factors like the company’s innovative ideas which reflected strong market execution capabilities and also the company’s improvement in its market share. The net sales jumped 3.09 per cent to Rs 465.51 crore in quarter ending March 2019, as compared to Rs 451.54 crore in quarter ending March 2018. The PBIDT rose 23 per cent in March ending quarter, 2019 to Rs 146.16 crore as against Rs 118.07 crore in the same quarter of the previous fiscal. It reported PAT at Rs 87.76 crore, up 23 per cent in March ending quarter of 2019

versus Rs 71.32 crore posted in the corresponding quarter of the previous year. The company has posted growth in the financials, which would reflect in the bourses. The company has shown strength in its distribution network and category development. We recommend a HOLD.