Gillette India has posted a net loss of Rs 10 m during its second quarter ended June 30, 2001. The performance is not comparable to its 2QFY01 performance last year, as during that time the company had not amalgamated accounts of Duracell and Wilkinson.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (eoy) (m)
Earnings per share*
Diluted Earnings per share*
Current P/e ratio
Similarly, the 25% growth in turnover is also misleading. We do not have all the figures to make the two results comparable but as per data available, if we include Duracell's and Wilkinson's accounts in the second quarter last year, then the company had posted a net loss of Rs 38 m during 2QFY01. So in this light, Gillette has improved its performance.
Gillette India has also reported that domestic sales for the current quarter are lower on account of trade destocking initiatives taken, following the worldwide initiative of the Gillette Company to rationalise trade inventories with resultant improvement in working capital.
We will post an update once we have more clarity on the figures of 2QFY01.
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