Gillette India's Q2 profit rises on demand for grooming products

Gillette India

04/11/2022 06:41

BENGALURU, Nov 4 (Reuters) - Gillette India Ltd
 GILE.NS  reported a 5.9% rise in second-quarter profit on
Friday, helped by strong demand for its grooming products ahead
of the festive season.
    Gillette India, which is 75% owned by Procter & Gamble
 PG.N , said its net profit rose to 867.8 million rupees ($10.52
million) for the three months ended Sept. 30, from 819.3 million
rupees a year earlier.
    Demand for branded personal care products from high-income
consumers has held up. With prices of certain commodities
softening, profits for fast-moving consumer goods companies are
expected to improve, according to analysts.
    Gillette, which makes shaving system and cartridges as well
as Oral B toothbrushes, said its quarterly revenue from
operations rose 8.2% to 6.2 billion rupees.
    Revenue from its grooming segment rose 15.8% to 4.9 billion
rupees, while that from its oral care products unit fell 13.5%
to 1.3 billion rupees.
($1 = 82.5000 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru; Editing by Saumyadeb
Chakrabarty)
 ((Priya.Sagar@thomsonreuters.com;))