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Dec, 05 2016

Gillette India witnesses 63.45 percent jump in productivity and cost efficiencies

Gillette India, said, "The Company has benefited from portfolio optimisation, even as it continues to focus on productivity and cost efficiencies."

Gillette India, a brand of men's safety razors and other personal care products has witnessed a 63.45 percent jump in standalone net profit at Rs 54.84 crore for the quarter ended September 30, especially on account of productivity and cost efficiencies.

The company, which follows July-June financial year, had posted a net profit of Rs 33.55 crore in the corresponding period of the last financial year.

Its total income from operation was up 7.59 percent at Rs 419.29 crore during the quarter under review as against Rs 389.68 crore in the same period last fiscal.

Gillette India, said, "The Company has benefited from portfolio optimisation, even as it continues to focus on productivity and cost efficiencies."

Sales in grooming were up 12 per cent compared to previous year, while its oral care business was down 6 percent.

Its total expenses were down marginally 0.44 percent during July-September quarter to Rs 346.39 crore compared to Rs 347.95 crore in the same period last year.

Shares of Gillette India today settled at Rs 4,393.15 on BSE, up 0.41 per cent from previous close.

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