The rise in the profit was mainly driven by productivity interventions, product price-mix and moderating cost inflation.

Revenue from operations stood at Rs 639.46 crore in the December quarter, rising 3.37% YoY on the back of robust portfolio, superior retail execution and strong brand fundamentals.

Profit before tax jumped 30.64% YoY to Rs 139.04 crore in the quarter ended 31 December 2023.

During the quarter, the company's revenue from Grooming was at Rs 514.21 crore (up 3.99% YoY) and revenue from Oral Care stood at Rs 125.25 crore (up 0.91% YoY).

LV Vaidyanathan, managing director of Gillette India, said, “For 7 consecutive quarters now, we have delivered a balanced top-line and bottom-line growth. Our teams’ execution of our integrated growth strategy has enabled us to build and sustain strong momentum. We stay committed to our strategies of a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution and consumer and customer value — productivity, constructive disruption, and an agile and accountable organization. We are confident that these strategies will continue to help us deliver balanced growth and value creation.”

Meanwhile, the company’s board declared an interim dividend of Rs 85 per equity share for FY24. The dividend includes a one-time special dividend of Rs 40 per share. The record date for the same is 8 February 2024 and it will paid on or before 28 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.