Nirmal Bang: Gillette India - Expect Strong Growth In FY21 On A Low Base
Procter & Gamble Co. Gillette products sit on a shelf (Photographer JB Reed Bloomberg News).

Nirmal Bang: Gillette India - Expect Strong Growth In FY21 On A Low Base

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Nirmal Bang Gillette India -Company Update- 24 November 2020.pdf

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