GILLETTE INDIA Announces Quarterly Results (3QFY21); Net Profit Up 15.2%
Wed, 10 Feb

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

GILLETTE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m4,5935,1645,2040.8%13.3%
Other incomeRs m4435388.3%-13.3%
TurnoverRs m4,6375,1995,2420.8%13.1%
ExpensesRs m3,5943,8403,8520.3%7.2%
Gross profitRs m1,0001,3241,3522.1%35.2%
DepreciationRs m1251341383.1%10.1%
InterestRs m19320684.0%4.3%
Profit before taxRs m8991,2231,2320.8%37.0%
TaxRs m18927041353.1%119.2%
Profit after taxRs m711953819-14.1%15.2%
Gross profit margin%21.825.626.0
Effective tax rate%21.022.133.5
Net profit margin%15.318.315.6
* 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 13.3% on a year-on-year (YoY) basis. The expenses were up by 7.2% 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 26.0% in 3QFY21 as against 21.8% in 3QFY20.
  • Depreciation charges increased by 10.1% and finance costs increased by 4.3% YoY, respectively.
  • Other income declined by 13.3% YoY during the quarter.
  • Net profit for the quarter increased by 15.2% YoY. Net profit margins during the quarter increased from 15.3% in 3QFY20 to 15.6% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit increased by 2.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.0% in 3QFY21 as against 25.6% in 2QFY20.
  • Net profit for the quarter declined by 14.1% QoQ, while net profit margins declined from 18.3% in 2QFY20 to 15.6% in 3QFY21.

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 6,372.3 to Rs 5,640.0, registering a Loss of Rs 732.3 or around 11.5%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,589.6 (down 0.3%). Over the last one year it has moved up from 11,481.9 to 12,589.6, a gain of 1,108 points (up 9.6%).

Overall, the S&P BSE SENSEX is up 24.9% over the year.

Current Valuations

At the current price of Rs 5,640.0, the price to earnings (P/E) ratio of GILLETTE INDIA stands at 67.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 26.5 times.