The shaving product maker Gillette India sales rose 26.82 per cent to Rs 552.89 crore. The company’s standalone net profit of Gillette India rose by 145.51 per cent to Rs 67.59 crore in the first quarter of FY23 as against Rs 27.53 crore in the first quarter of FY22.

The net profit declined 6.78 per cent to Rs 289.33 crore in the year ended June 2022 as against Rs 310.38 to Rs 289.33 crore at the end of June quarter of the current year as against Rs 310.38 crore during the previous year ended June 2021. Sales rose 12.28% to Rs 2256.16 crore in June 2022, against Rs 2009.42 crore in the last year.

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In February 2022, Profit After Tax was down “due to higher commodity costs and base effect of the lower advertising and promotion investments” in the same quarter year ago due to the pandemic, the Gillette India company said.

Gillette India said its February board meeting had recommended an interim dividend of Rs 33 per Equity Share (Face Value of Rs. 10/- each) for the Financial Year 2021-22.