Nirmal Bang: Gillette India - Expect Strong Growth In FY21 On A Low Base
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Nirmal Bang Report
Gillette India Ltd.’s FY20 (June-ending) performance - Sales, Ebitda and adjusted profit after tax declined by 9.8%, 5.8% and 9.0%, respectively.
Gross margin was up by 70 basis points at 56.7%, leading to Ebitda margin expansion of 90 basis points to 21.4%.
Advertising expenses were down 9.4% at approximately Rs 2 billion (down 110 basis points to 10.8% of revenues) and trade incentives were down by 61.1% at Rs 230 million. The company declared a total dividend of Rs 49 per share for FY20.
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