GILLETTE INDIA LTD

Gillette India Limited is a public company incorporated under the provisions of the Companies Act 1956. The company is engaged in manufacturing and selling of packaged fast moving goods under its various brands in the grooming and oral care segment.

Gillette sells razors and blades, shaving gel, shaving cream and after shave through various modes like drug stores, department stores, grocery stores, mass merchandisers, membership club stores.

Key Business

• Grooming
• Oral Care

Shareholding Pattern

–PUBLIC GROUP

-PROMOTER GROUP

Financial Summary

Synopsis of Financials

• Consistent mid-single digit sales growth over the past decade, with a cumulative annual profit growth of 23%.
• Return on equity has increased fivefold, and operating profit margin has improved by 200 basis points.
• The company has maintained a record of 30 years of consistent dividend payouts, with share prices tripling over the period.
• Gillette India’s financial results have shown consistent growth and profitability.
• The company is cautious but optimistic about market growth, considering factors such as inflation and rainfall patterns.
• Gillette India is actively managing cost pressures from high commodity prices and aims to grow bottom-line ahead of topline.

Final Outlook

Revenue from operations grew by around 10%.While expenses like raw material costs increased. The company managed to grow its net profit by around 33% .

Total Assets increased by 18%.Total Equity increased by 15%

Company has a good return on equity (ROE) track record: 3 Years ROE 36.7%

The company has delivered a poor sales growth of 8.12% over past five years.

Gillette India seems to be a financially strong company.

It has a solid balance sheet, makes steady profits, and pays good dividends to its shareholders.

• Company is almost debt free.
• Company has a good return on equity (ROE) track record: 3 Years ROE 38.7%
• Company has been maintaining a healthy dividend payout of 86.2%

I will give buy recommendation for this stock