Sales of Grooming segment has gone up 6.82% to Rs 422.48 crore (accounting for 73.69% of total sales).  Sales of Oral Care segment rose 24.76% to Rs 150.83 crore (accounting for 26.31% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 7.78% to Rs 111.24 crore.  PBIT of Grooming segment fell 8.43% to Rs 89.69 crore (accounting for 80.63% of total PBIT).  PBIT of Oral Care segment fell 4.98% to Rs 21.55 crore (accounting for 19.37% of total PBIT).  

PBIT margin of Grooming segment fell from 24.77% to 21.23%.  PBIT margin of Oral Care segment fell from 18.76% to 14.29%.  Overall PBIT margin fell from 23.36% to 19.40%.  

Operating profit margin has declined from 25.64% to 21.80%, leading to 5.60% decline in operating profit to Rs 124.98 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 20.52% to 23.47%.   Purchase of finished goods cost fell from 26.42% to 23.44%.   Employee cost decreased from 7.55% to 6.84%.   Other expenses rose from 18.29% to 23.78%.   Selling and administration expenses rose from 9.03% to 11.88%.   

Other income fell 8.29% to Rs 3.21 crore.  PBIDT fell 5.67% to Rs 128.19 crore.  Provision for interest up 32% to Rs 0.33 crore.  

PBDT fell 5.74% to Rs 127.86 crore.  Provision for depreciation rose 18.25% to Rs 15.81 crore.  

Profit before tax down 8.37% to Rs 112.05 crore.  Provision for tax was expense of Rs 30.12 crore, compared to Rs 26.99 crore.  Effective tax rate was 26.88% compared to 22.07%.

Profit after tax fell 14.02% to Rs 81.93 crore.  

Promoters' stake was 75.00% as of 30 September 2021 ,compared to 75.00% as of 30 September 2020 .  

Full year results analysis

Net sales (including other operating income) of Gillette India has increased 19.68% to Rs 2,009.42 crore.  Sales of Grooming segment has gone up 19.62% to Rs 1,535.35 crore (accounting for 76.41% of total sales).  Sales of Oral Care segment rose 19.87% to Rs 474.07 crore (accounting for 23.59% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 38.89% to Rs 424.06 crore.  PBIT of Grooming segment rose 41.86% to Rs 372.62 crore (accounting for 87.87% of total PBIT).  PBIT of Oral Care segment rose 20.61% to Rs 51.44 crore (accounting for 12.13% of total PBIT).  

PBIT margin of Grooming segment rose from 20.46% to 24.27%.  PBIT margin of Oral Care segment rose from 10.78% to 10.85%.  Overall PBIT margin rose from 18.18% to 21.10%.  

Operating profit margin has jumped from 21.38% to 22.92%, leading to 28.26% rise in operating profit to Rs 460.50 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 13.00% to 23.80%.   Purchase of finished goods cost fell from 33.17% to 20.54%.   Employee cost increased from 6.99% to 7.06%.   Other expenses rose from 25.76% to 25.89%.   Selling and administration expenses rose from 11.95% to 13.01%.   

Other income up 177.85% to Rs 31.73 crore.  PBIDT rose 32.87% to Rs 492.23 crore.  Provision for interest fell 3.49% to Rs 5.25 crore.  Loan funds remained nil.  Inventories rose to Rs 366.58 crore as of 30 June 2021 from Rs 284.27 crore as of 30 June 2020.  Sundry debtors were higher at Rs 197.94 crore as of 30 June 2021 compared to Rs 190.67 crore as of 30 June 2020.  Cash and bank balance declined from Rs 232.48 crore as of 30 June 2020 to Rs 166.32 crore as of 30 June 2021.  

PBDT rose 33.41% to Rs 486.98 crore.  Provision for depreciation rose 12.67% to Rs 57.52 crore.  Fixed assets increased to Rs 381.81 crore as of 30 June 2021 from Rs 317.65 crore as of 30 June 2020.  

Profit before tax grew 36.78% to Rs 429.46 crore.  Provision for tax was expense of Rs 119.08 crore, compared to Rs 83.79 crore.  Effective tax rate was 27.73% compared to 26.69%.

Profit after tax rose 34.84% to Rs 310.38 crore.  

Promoters' stake was 75.00% as of 30 June 2021 ,compared to 75.00% as of 30 June 2020 .  

Cash flow from operating activities increased to Rs 443.16 crore for year ended June 2021 from Rs 225.22 crore for year ended June 2020.  Cash flow used in acquiring fixed assets during the year ended June 2021 stood at Rs 90.17 crore, compared to Rs 35.55 crore during the year ended June 2020.  

Management commentary: Madhusudan Gopalan, Managing Director, Gillette India Ltd. said, "In a challenging market environment and a higher base period, we have delivered double digit sales growth. As the market continues to recover, we will continue to focus on our strategy of driving superiority and productivity, enabled by strength of our organization and culture. These strategies have enabled us to deliver strong results as we navigate through the pandemic, and they remain the right strategies to deliver balanced top and bottom line growth in future."