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Nirmal Bang Report
Gillette India Ltd.’s Q1 FY21 (June-ending) revenue grew by 11.7% YoY to Rs 5.16 billion (versus our estimated 1.3% decline to Rs 4.56 billion).
Ebitda grew by 35.2% YoY to Rs 1.3 billion (versus our estimated 25.8% growth to Rs 1.23 billion).
Profit after tax grew by 54.3% YoY to Rs 953 million (versus our estimated 34.5% growth to Rs 831 million).
As per the management’s estimate, profit excluding one-time items, was up approximately 20% YoY.
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