The company's profit after tax (PAT) grew on the back of strong sales growth and productivity during the quarter.

Revenue from operations increased by 12.04% year on year to Rs 619.44 crore in the quarter ended 30 June 2023. The rise in the sales was mainly driven by strong brand fundamentals and superior retail execution .

Profit before tax stood at Rs 123.64 crore in the fourth quarter of FY23, registering a growth of 34.07% YoY.

During the quarter, the company's revenue from Grooming was at Rs 485.37 crore (up 13.86% YoY) and revenue from Oral Care stood at Rs 134.07 crore (up 5.88% YoY).

On full year basis, the firm's net profit was at Rs 355.68 crore in FY23, recording a growth of 22.93% YoY, due to product price-mix and high productivity.

The company delivered sales of Rs 2,477.05 crore, up 9.79% versus year ago, despite unprecedented headwinds from macroeconomic challenges and commodity inflation during the year.

LV Vaidyanathan, managing director, Gillette India, esaid, “The April – June quarter provided a strong finish to fiscal year, closing at double digit top-line and bottom-line growth. Our consistent results can be attributed to our robust integrated growth strategies of focusing on daily use categories where performance drives brand choice, irresistible superiority (across product, packaging, communication, goto-market execution, and value), productivity, constructive disruption, and an agile and accountable organization structure and culture. These strategies build on each other and have worked for us despite a challenging operating environment and significant cost headwinds.

As we move into the new fiscal year, we will continue to focus on our growth strategies towards delivering balanced and sustained growth in a competitive macroeconomic environment.”

Meanwhile, the company's board has recommended a final dividend of Rs 50 per equity share for FY23. The divided will be paid between 30 November 2023 to 26 December 2023, on approval of the members at the 39th annual general meeting.

Further, Gillette announced that Abhishek Desai will be appointed as vice president and category leader, Grooming and Brand operations leader, effective from 1 September 2023. However, Saurabh Bajpai will cease to be Grooming Category leader, effective from 31 August 2023, due a change in his assignment at P&G.

Lastly, the company informed that Mukta Maheshwari will be appointed as chief marketing officer of the company, with effect from 1 September 2023. Consequently, Sharath Verma will cease to be the chief marketing officer effective 31 August 2023, due a change in his assignment at P&G.

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.

Shares of Gillette India gained 0.92% to Rs 5,574.70 on the BSE.