GILLETTE INDIA Announces Quarterly Results (2QFY21); Net Profit Up 54.3%

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GILLETTE INDIA Announces Quarterly Results (2QFY21); Net Profit Up 54.3%
Wed, 11 Nov

GILLETTE INDIA has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

GILLETTE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m4,6223,5105,16447.1%11.7%
Other incomeRs m17183598.9%108.3%
TurnoverRs m4,6393,5275,19947.4%12.1%
ExpensesRs m3,6432,7023,84042.1%5.4%
Gross profitRs m9798071,32464.0%35.2%
DepreciationRs m122134134-0.3%9.7%
InterestRs m8243-89.5%-68.8%
Profit before taxRs m8666671,22383.3%41.2%
TaxRs m24821727024.2%8.7%
Profit after taxRs m618450953111.9%54.3%
Gross profit margin%21.223.025.6
Effective tax rate%28.732.622.1
Net profit margin%13.312.718.3
* 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 11.7% on a year-on-year (YoY) basis. The expenses were up by 5.4% YoY during the same period.
  • The company's operating profit increased by 35.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.6% in 2QFY21 as against 21.2% in 2QFY20.
  • Depreciation charges increased by 9.7% and finance costs declined by 68.8% YoY, respectively.
  • Other income increased by 108.3% YoY during the quarter.
  • Net profit for the quarter increased by 54.3% YoY. Net profit margins during the quarter increased from 13.3% in 2QFY20 to 18.3% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 47.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 42.1% QoQ during the same period.
  • The company's operating profit increased by 64.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.6% in 2QFY21 as against 23.0% in 1QFY20.
  • Net profit for the quarter increased by 111.9% QoQ, while net profit margins increased from 12.8% in 1QFY20 to 18.3% in 2QFY21.

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 down from Rs 7,235.2 to Rs 5,594.3, registering a Loss of Rs 1,640.9 or around 22.7%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,240.4 (down 0.2%). Over the last one year it has moved down from 12,026.5 to 11,240.4, a loss of 786 points (down 6.5%).

Overall, the S&P BSE SENSEX is up 7.6% over the year.

Current Valuations

At the current price of Rs 5,594.3, the price to earnings (P/E) ratio of GILLETTE INDIA stands at 69.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 26.3 times.

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Related Views on News

GILLETTE INDIA Announces Quarterly Results (3QFY21); Net Profit Up 15.2% (Quarterly Result Update)

Feb 10, 2021 | Updated on Feb 10, 2021

For the quarter ended December 2020, GILLETTE INDIA has posted a net profit of Rs 819 m (up 15.2% YoY). Sales on the other hand came in at Rs 5 bn (up 13.3% YoY). Read on for a complete analysis of GILLETTE INDIA's quarterly results.

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.

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