GILLETTE INDIA LTD. Q1 FY27 Results

Gillette India opened FY27 with a steady, in-line quarter. Standalone revenue from operations rose 10.8% YoY to ₹783.0 Cr (Q1 FY26: ₹706.7 Cr) and net profit grew 9.4% YoY to ₹159.5 Cr (₹145.7 Cr), with basic EPS at ₹48.93 vs ₹44.71. Net margin held flat at 20.4% year-on-year, so profit growth tracked topline rather than outpacing it — a clean double-digit-revenue, single-digit-profit print with no one-off items on either side.

The margin story is one of stability, not expansion. Cost of materials consumed rose to ₹187.7 Cr and employee costs climbed to ₹61.2 Cr, but the offset came from advertising & sales promotion, which fell sharply to ₹103.3 Cr from ₹136.4 Cr a year ago (down ~₹33 Cr) — the single largest reason PBT could rise 9.5% to ₹214.0 Cr despite input-cost pressure. Lower A&P intensity supported the bottom line this quarter; whether that is phasing or a sustained pull-back is the key thing to watch, given management gives no formal earnings guidance and none is on record.

The stock went into the print at ₹7,720, up 0.9% over the past month of trading.

Both segments grew. Oral Care was the faster mover, up 18.9% YoY to ₹154.4 Cr, while the much larger Grooming franchise rose 9.0% to ₹628.7 Cr; Grooming segment profit (₹173.5 Cr, +13% YoY) carried the result while Oral Care profit was roughly flat (₹37.7 Cr vs ₹36.8 Cr). The sequential optics look soft — revenue -1.1% and PAT -17.2% QoQ versus a strong Q4 (₹192.5 Cr) — but Q4 is a seasonally heavier quarter for the business and the YoY comparison is the right read; the QoQ dip is not a deterioration in the franchise.