GILLETTE INDIA Announces Quarterly Results (2QFY20); Net Profit Down 5.5%

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GILLETTE INDIA Announces Quarterly Results (2QFY20); Net Profit Down 5.5%
Mon, 11 Nov

GILLETTE INDIA has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

GILLETTE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m4,5654,6404,622-0.4%1.2%
Other incomeRs m382417-30.6%-55.8%
TurnoverRs m4,6034,6644,639-0.5%0.8%
ExpensesRs m3,4974,3403,643-16.1%4.2%
Gross profitRs m1,069300979226.5%-8.4%
DepreciationRs m113127122-3.9%7.5%
InterestRs m9398-79.6%-11.1%
Profit before taxRs m984158866448.1%-12.0%
TaxRs m331-300248-24.9%
Profit after taxRs m65445861834.8%-5.5%
Gross profit margin%23.46.521.2
Effective tax rate%33.6-190.028.7
Net profit margin%14.29.813.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 1.2% on a year-on-year (YoY) basis. The expenses were up by 4.2% YoY during the same period.
  • The company's operating profit declined by 8.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.2% in 2QFY20 as against 23.4% in 2QFY19.
  • Depreciation charges increased by 7.5% and finance costs declined by 11.1% YoY, respectively.
  • Other income declined by 55.8% YoY during the quarter.
  • Net profit for the quarter declined by 5.5% YoY. Net profit margins during the quarter declined from 14.2% in 2QFY19 to 13.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.1% QoQ during the same period.
  • The company's operating profit increased by 226.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.2% in 2QFY20 as against 6.5% in 1QFY19.
  • Net profit for the quarter increased by 34.8% QoQ, while net profit margins increased from 9.8% in 1QFY19 to 13.3% in 2QFY20.

To see how GILLETTE INDIA has performed over the last eight quarters,please visit here.

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GILLETTE INDIA Share Price Performance

Over the last one year,GILLETTE INDIA share price has moved up from Rs 6,476.6 to Rs 7,308.0, registering a Gain of Rs 831.4 or around 12.8%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,045.9 (down 0.4%). Over the last one year it has moved up from 11,210.4 to 12,045.9, a gain of 836 points (up 7.5%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 7,308.0, the price to earnings (P/E) ratio of GILLETTE INDIA stands at 95.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 34.3 times.

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GILLETTE INDIA Announces Quarterly Results (4QFY19); Net Profit Up 23.1% (Quarterly Result Update)

May 9, 2019 | Updated on May 9, 2019

For the quarter ended March 2019, GILLETTE INDIA has posted a net profit of Rs 878 m (up 23.1% YoY). Sales on the other hand came in at Rs 5 bn (up 3.1% YoY). Read on for a complete analysis of GILLETTE INDIA's quarterly results.

GILLETTE INDIA Announces Quarterly Results (3QFY19); Net Profit Down 8.1% (Quarterly Result Update)

Feb 12, 2019 | Updated on Feb 12, 2019

For the quarter ended December 2018, GILLETTE INDIA has posted a net profit of Rs 540 m (down 8.1% YoY). Sales on the other hand came in at Rs 5 bn (up 16.7% YoY). Read on for a complete analysis of GILLETTE INDIA's quarterly results.

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