Gillette India net dips 6% to Rs 19 cr in Oct-Dec

Gillette India net dips 6% to Rs 19 cr in Oct-Dec New Delhi: Gillette India Thursday posted 6.31 percent decline in net profit at Rs 18.70 crore for the quarter ended December 31, 2012.

The company had posted a net profit of Rs 19.96 crore for the same period of previous fiscal, Gillette India said in a filing to the BSE.

Net sales of the company, however, rose to Rs 351.92 crore for the same period of previous fiscal, as compared to Rs 311.02 crore for the same period of 2011-12 fiscal.

"Growth in the company's blades and razors and oral care businesses was driven by investments behind marketing and promotional programmes, product innovation and pricing that served more consumers ane delivered broad-based market share growth," the company said.

Shares of Gillette India Thursday closed at Rs 2,269.85 on the BSE, down 1.76 percent from its previous close.

PTI