Gillette India jumps most in nearly 9 years on Q2 profit surge

Gillette India

30/01/2024 09:20

** Shares of Gillette India  GILE.NS  rise as much as 12.6%
to 7,299 rupees, mark sharpest intraday pct gain since Feb. 13,
2015
    ** Stock has since pared most of its gains, currently up
2.8% 
    ** GILE reports ~40% rise in Q2 profit, while rev from ops
up 3.4% Y/Y
    ** Both grooming and oral care segments post rise in revenue
at 4% and 0.9%, respectively
    ** GILE also declares interim dividend of 85 rupees ($1.02)
per shr, which includes a one-time special dividend of 40 rupees
per shr 
    ** Stock rose 28.8% in 2023, its first yearly gain since
2019
    ** GILE rose 5.8% in Dec. qtr, marking three straight qtrs
of gain





($1 = 83.1190 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))