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Our Bureau

NEW DELHI: Gillette India Ltd (GIL) has reported a net profit of Rs 19.68 crore for the quarter ended March 31, 2004, up by 140.88 per cent against Rs 8.17 crore during the same period in the previous year.

A statement issued by the company said its sales during the first quarter (January-March 2004) increased to Rs 111 crore from Rs 93.63 crore.

"Our strong first quarter performance is an outcome of continued sharp focus on core categories and investments targeted at strong franchise growth, along with the pursuit for a culture of innovation and functional excellence. Today's results are driven by strong fundamentals with clear business strategy coupled with investments in franchise building", the statement quoted, Mr Zubair Ahmed, Managing Director, Gillette India, as saying.

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