Business Update29 Apr 2024, 11:23 pm
Gillette India Announces 10% Sales Growth for Q3 2023-24, PAT Up 20% Operationaly
AI Summary
Gillette India Ltd. announced its financial results for the quarter ended March 31, 2024, reporting sales of 7681 crore, up 10% year-over-year. The company's Profit After Tax (PAT) saw a 20% operational increase to 99 crores. However, reported PAT declined by 4% due to one-time tax impacts in both periods. Managing Director LV Vaidyanathan expressed confidence in their growth strategy focusing on product performance, productivity, disruption, and a socially conscious approach.
Key Highlights
- Sales increased by 10% to 7681 crore
- Operational PAT grew by 20% to 99 crores
- One-time tax impacts led to a 4% decline in reported PAT
- Gillette India remains committed to a focused product portfolio and socially conscious initiatives