Gillette India Q1 results: Net profit increases 26.4% to Rs 116 cr

Shaving products maker Gillette India Ltd on Thursday reported a 26.4 per cent rise in profit after tax (PAT) to Rs 115.97 crore for the June quarter.

The company, which follows the July-June financial year, had reported a profit of Rs 91.75 crore in the year-ago period, Gillette India Ltd (GIL) said in a BSE filing.

Its revenue from operations increased 4.17 per cent to Rs 645.33 crore during the quarter under review from Rs 619.44 crore in the corresponding period a year earlier.

The sales growth was "driven by a robust portfolio, strong brand fundamentals and superior retail execution", Gillette India said in an earnings statement, adding its PAT was helped by "strong sales growth in the current quarter".

Gillette India's total expense was down 1.17 per cent to Rs 494.68 crore in the June quarter.

Its revenue from the grooming segment was up 7 per cent to Rs 519.68 crore. Meanwhile, oral care was down 6.28 per cent to Rs 125.65 crore in the April-June period.

The total income