The company added that this is the third consecutive quarter of topline and bottom-line growth. Compared to the corresponding pre-covid quarter three years ago, Gillette has made significant progress with sales up 35%.

Profit before tax rose 9.69% to Rs 106.43 crore in the quarter ended December 2022 as against Rs 97.03 crore in the quarter ended December 2021.

Total expenses were up 10.04% year on year to Rs 515.12 crore during the three months ended December 2022. Cost of raw materials consumed increased by 14.30% YoY to Rs 211.13 crore during the period under review.

During the quarter, revenue from grooming segment stood at Rs 494.50 crore, up 15.63% YoY while revenue from oral care segment stood at Rs 124.12 crore, down 8.59% YoY.

LV Vaidyanathan, managing director of Gillette India said, “For the third consecutive quarter, we have delivered profitable growth in a challenging environment, driven by our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization. These strategies build on each other and have collectively aided us in driving and sustaining a strong momentum, thereby setting us up for sequential growth in the quarter. While cost and operating challenges continue in the near-term, we remain focused on our endeavor of driving a balanced top and bottom-line growth.”

Menawhile, the board of directors declared an interim dividend of Rs 35 per equity share and the record date for the same will be 9 February 2023.

Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power and oral care businesses.

The scrip rose 0.47% to currently trade at Rs 4,892.65 on the BSE.