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      Gillette India slips after weak Q4 results

      MoM Team / Mumbai, Aug 28, 2017 09:57 AM IST

        Gillette India slips after weak Q4 results

        Gillette India fell 2.1 percent to Rs 5,200 on BSE after net profit fell 20.4 percent to Rs 37.67 crore on 14.7 percent decline in net sales to Rs 407.60 crore in Q4 June 2017 over Q4 June 2016.

        The result was announced after market hours on Thursday, 24 August 2017.

        Meanwhile, the S&P BSE Sensex was up 145.04 points, or 0.46 percent to 31,741.10.

        On the BSE, 148 shares were traded in the counter so far, compared with average daily volumes of 1,360 shares in the past one quarter. The stock had hit a high of Rs 5,299 and a low of Rs 5,162.50 so far during the day. The stock hit a 52-week high of Rs 5,450 on 16 August 2017. The stock hit a 52-week low of Rs 4,025 on 28 February 2017.

        The stock had outperformed the market over the past one month till 24 August 2017, rising 3.28 percent compared with 2.43 percent decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.57 percent as against Sensex's 1.83 percent rise. The scrip had also outperformed the market in past one year, rising 18.45 percent as against Sensex's 13.51 percent rise.

        The large-cap company has equity capital of Rs 32.59 crore. Face value per share is Rs 10.

        Gillette India's net profit rose 18.2 percent to Rs 253.08 crore on 1.2 percent decline in net sales to Rs 1733.60 crore in the year ended June 2017 (FY2017) over the year ended June 2016 (FY2016).

        The company said its sales and profit declined in Q4 June 2017 due to volatile trade conditions. The market has started showing signs of recovery and the company will continue to focus on balanced growth behind brand fundamentals, strength of product portfolio and improved in-store execution, it said in a statement.

        Sales in grooming business segment were up 2 percent in FY2017 over FY2016, and down by 16 percent in Q4 June 2017 over Q4 June 2016, due to market challenges.

        Sales in oral care business segment were down by 4 percent in FY2017 over FY2016 due to market challenges and portfolio optimization. Sales were up by 20 percent in Q4 June 2017 over Q4 June 2016.

        Gillette India is an FMCG companies that deals in some of the world leading brands Gillette and Oral-B.


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