Gillette India had reported a 5.92 per cent rise in net profit to Rs 86.78 crore on an 8.13 per cent increase in revenue from operations to Rs 619.92 crore in Q2Fy23 over Q2FY22.

The profit after tax (PAT) was supported by premiumisation and deliberate productivity interventions as against the corresponding pre-covid quarter three years ago, the company’s sales were up 34 per cent, and PAT was up 41 per cent.

PBT rose 7.06 per cent to Rs 119.96 crore in Q2FY23 as against Rs 112.05 crore in Q2FY22. Total expenses were up 8.2 per cent YoY to Rs 502.66 crore in Q2FY23. The raw materials cost rose 41.12 per cent YoY to Rs 184.36 crore in Q2FY23.

During the second quarter, revenue from the grooming segment stood at Rs 489.40 crore, up 15.84 per cent on a yearly basis, while revenue from the oral care segment stood at Rs 130.52 crore, down 13.47 per cent.

The company is to manufacture and sell branded packaged fast-moving consumer goods in portable power, oral care business and grooming products.

On the Bombay Stock Exchange (BSE), the stocks rose 0.32 per cent to recent trade at Rs 5,178.35.