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Friday, Jul 30, 2004

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Corporate Results - Personal Products


Gillette India net rises 44%

Our Bureau

NEW DELHI: Gillette India has announced about 44 per cent higher net profit for the first six months ended June 30 at Rs 38.79 crore on 14 per cent growth in sales at Rs 221.57 crore.

"Our sustained strong and profitable growth is a reflection of our investments in franchise building behind our strategic products across businesses," the Managing Director, Mr Zubair Ahmed, said in a statement here.

The company's grooming business grew by 11 per cent, oral care by 26 per cent, personal care by 21 per cent and batteries by 14 per cent during the period under review.

In the second quarter ended June 30, sales were pegged at Rs 110.57 crore and net profit at Rs 19.11 crore.

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