Gillette India jumps most in 3 months after strong quarterly results

Gillette India

30/04/2024 08:12

** Shares of Gillette India  GILE.NS  rise as much as 8.3%
to 6,720 rupees, their biggest intraday pct gain since Jan 30
    ** The maker of Mach 3 brand of shaving razors said on
Monday its profit before tax rose 16% Y/Y, rev from ops jumped
~10%
    ** Gillette India benefited from strong demand for its core
grooming products 
    ** Still, co's profit after tax (PAT) was down 4% due to a
one-time tax impact in the reported qtr
    ** More than 104,200 shares change hands, 7.9x its 30-day
avg
    ** GILE stock trading above its 200-day simple moving avg
since mid-June
    

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))