Results - Analysis
OP up 19.79%
On standalone basis
Quarter ended June 2025 compared with Quarter ended June 2024.
Net sales (including other operating income) of Gillette India has increased 9.51% to Rs 706.72 crore. Sales of Grooming segment has gone up 11.02% to Rs 576.93 crore (accounting for 81.63% of total sales). Sales of Oral Care segment rose 3.29% to Rs 129.79 crore (accounting for 18.37% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 25.07% to Rs 190.34 crore. PBIT of Grooming segment rose 10.29% to Rs 153.53 crore (accounting for 80.66% of total PBIT). PBIT of Oral Care segment rose 183.59% to Rs 36.81 crore (accounting for 19.34% of total PBIT).
PBIT margin of Grooming segment fell from 26.79% to 26.61%. PBIT margin of Oral Care segment rose from 10.33% to 28.36%. Overall PBIT margin rose from 23.58% to 26.93%.
Operating profit margin has jumped from 27.20% to 29.75%, leading to 19.79% rise in operating profit to Rs 210.25 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 24.65% to 23.62%. Purchase of finished goods cost rose from 8.98% to 10.89%. Employee cost increased from 6.11% to 6.53%. Other expenses fell from 33.33% to 30.90%. Selling and administration expenses rose from 17.52% to 18.20%.Other income up 45.85% to Rs 6.68 crore. PBIDT rose 20.45% to Rs 216.93 crore. Provision for interest fell 71.66% to Rs 1.04 crore.
PBDT rose 22.37% to Rs 215.89 crore. Provision for depreciation down 3.49% to Rs 20.46 crore.
Profit before tax grew 25.90% to Rs 195.43 crore. Provision for tax was expense of Rs 49.74 crore, compared to Rs 39.26 crore. Effective tax rate was 25.45% compared to 25.29%.
Profit after tax rose 25.63% to Rs 145.69 crore.
Promoters' stake was 75.00% as of 30 June 2025 ,compared to 75.00% as of 30 June 2024 .
Net sales (including other operating income) of Gillette India has increased 6.30% to Rs 2,633.08 crore. Sales of Grooming segment has gone up 8.08% to Rs 2,119.07 crore (accounting for 80.48% of total sales). Sales of Oral Care segment fell 0.47% to Rs 514.01 crore (accounting for 19.52% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 19.73% to Rs 547.38 crore. PBIT of Grooming segment rose 27.29% to Rs 480.84 crore (accounting for 87.84% of total PBIT). PBIT of Oral Care segment fell 16.22% to Rs 66.54 crore (accounting for 12.16% of total PBIT).
PBIT margin of Grooming segment rose from 19.27% to 22.69%. PBIT margin of Oral Care segment fell from 15.38% to 12.95%. Overall PBIT margin rose from 18.46% to 20.79%.
Operating profit margin has jumped from 21.77% to 23.98%, leading to 17.10% rise in operating profit to Rs 631.40 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 27.50% to 25.32%. Purchase of finished goods cost fell from 20.26% to 17.60%. Employee cost increased from 6.88% to 6.98%. Other expenses rose from 23.51% to 26.57%. Selling and administration expenses rose from 11.82% to 13.37%.Other income up 17.67% to Rs 26.1 crore. PBIDT rose 17.13% to Rs 657.5 crore. Provision for interest up 62.29% to Rs 12.61 crore. Loan funds stood at Rs 0.05 crore as of 30 June 2024 to Rs 0.05 crore as of 30 June 2023. Inventories declined from Rs 412.35 crore as of 30 June 2023 to Rs 395.84 crore as of 30 June 2024. Sundry debtors were lower at Rs 274.33 crore as of 30 June 2024 compared to Rs 320.16 crore as of 30 June 2023. Cash and bank balance rose to Rs 475.63 crore as of 30 June 2024 from Rs 455.56 crore as of 30 June 2023.
PBDT rose 16.49% to Rs 644.89 crore. Provision for depreciation rose 2.42% to Rs 82.64 crore. Fixed assets declined from Rs 421.90 crore as of 30 June 2023 to Rs 372.85 crore as of 30 June 2024.
Profit before tax grew 18.89% to Rs 562.25 crore. Provision for tax was expense of Rs 150.55 crore, compared to Rs 117.22 crore. Effective tax rate was 26.78% compared to 24.79%.
Profit after tax rose 15.75% to Rs 411.70 crore.
Promoters' stake was 75.00% as of 30 June 2024 ,compared to 75.00% as of 30 June 2023 .
Cash flow from operating activities increased to Rs 509.04 crore for year ended June 2024 from Rs 462.60 crore for year ended June 2023. Cash flow used in acquiring fixed assets during the year ended June 2024 stood at Rs 67.24 crore, compared to Rs 78.73 crore during the year ended June 2023.
Management Comments :
V Kumar, Managing Director, Gillette India said, 'We have delivered double-digit growth across both topline and bottom line in the quarter. These results are a testament to our teams' execution of the integrated growth strategy ' a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization. We remain committed to this strategy, which is aimed at delivering sustainable, balanced growth and value creation.'
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