Review

GILLETTE INDIA LIMITED

Ticker : 507815
FV: Rs. 10 52-
Week H/L: Rs. 7,906.00/6,200.00



We had recommended Gillette India Limited in volume no. 35, issue no. 26 (dated April 22, 2019), when the scrip was trading at Rs. 7674.85. 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 etc. The portable power segment includes batteries. Considering the financials for Q1FY20, the company’s revenue grew by 13.23 per cent to Rs. 463.97 crore from Rs. 409.76 crore in Q1FY19. PBT reduced by 69.87 per cent to Rs. 15.8 crore in Q1FY20 as against Rs. 52.45 crore in Q1FY19.

For Q1FY20, the company's net profit was Rs. 45.82 crore, an increase of 32.35 per cent compared to net profit of Rs.34.62 crore in Q1FY19. The company declared a final dividend of Rs. 25 per equity share for the financial year ended June 30, 2019. Hence, we recommend a HOLD.