Indian Shaving Products' admirable topline growth - Views on News from Equitymaster

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Indian Shaving Products' admirable topline growth

Jul 27, 2000

Indian Shaving Products Ltd. (ISPL) has recorded a remarkable growth of 43% in its topline in the 2QFY01. However the profit margins of the company declined due to more than 100% increase in its promotional expenditure. Further higher trading purchase contributed to the drop in OPM.

(Rs m) 2QFY00 2QFY01 Change
Sales 580 828 42.7%
Other Income 10 46 374.2%
Expenditure 477 739 55.0%
Operating Profit (EBDIT) 104 90 -13.4%
Operating Profit Margin (%) 17.9% 10.9%  
Interest 11 17 47.8%
Depreciation 26 27 2.3%
Profit before Tax 76 93 21.5%
Tax 29 41 41.3%
Profit after Tax/(Loss) 47 51 9.2%
Net profit margin (%) 8.1% 6.2%  
No. of Shares (eoy) (m) 13 13  
Diluted number of shares 13 13  
Diluted Earnings per share* 14.6 15.9  
*(annualised)      

The above results are excluding the merger effect of Duracell (India) Pvt. Ltd. and Wilkinson Sword India Ltd.

ISPL is trading near to its 52 week low price of Rs 792 which translates a P/E multiple of 50 times. In the past the company's P/E was in the range of 100-130 times.


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GILLETTE INDIA Announces Quarterly Results (1QFY21); Net Profit Down 1.9% (Quarterly Result Update)

Aug 28, 2020 | Updated on Aug 28, 2020

For the quarter ended June 2020, GILLETTE INDIA has posted a net profit of Rs 450 m (down 1.9% YoY). Sales on the other hand came in at Rs 4 bn (down 24.4% YoY). Read on for a complete analysis of GILLETTE INDIA's quarterly results.

GILLETTE INDIA Announces Quarterly Results (4QFY20); Net Profit Down 40.3% (Quarterly Result Update)

May 14, 2020 | Updated on May 14, 2020

For the quarter ended March 2020, GILLETTE INDIA has posted a net profit of Rs 524 m (down 40.3% YoY). Sales on the other hand came in at Rs 4 bn (down 12.7% YoY). Read on for a complete analysis of GILLETTE INDIA's quarterly results.

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