Gillette India Rises; Q3 Profit Jumps Three-Fold

Gillette India shares rose as much as 7 per cent on Monday after the company reported on Friday an over three-fold surge in net profit for the March quarter.

The FMCG major's third quarter numbers were better than analysts' expectations.

Gillette India's net profit for the quarter ended March 2015 was Rs 30.76 crore, compared with Rs 8.48 crore in the corresponding period a year ago.

Net sales of the company also increased 8.45 per cent to Rs 493.68 crore during the quarter, from Rs 455.18 crore in the year-ago period.

The company follows July-June cycle as financial year.

Revenue from the grooming segment stood at Rs 355.41 crore in the quarter under review as against Rs 324.70 crore in the year-ago period. (Read more)

Shares in Gillette India ended 0.99 per cent lower at Rs 4493.90 apiece on the BSE.