GILLETTE

July 31 (Reuters) - Gillette India Ltd GILE.NS:

• GILLETTE INDIA JUNE-QUARTER PROFIT 1.46 BILLION RUPEES

• GILLETTE INDIA JUNE-QUARTER REVENUE FROM OPERATIONS 7.07 BILLION RUPEES

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** Gillette India GILE.NS shares rise 7.8% to 9,440 rupees after Q3 results

** Grooming and oral care co set for best day in more than 3 months

** Procter & Gamble- PG.N owned co posts 60% rise in Q3 profit y/y on strong demand

** Revenue from the grooming segment, which accounts for more than 80% of the total sales, rises 15.6% y/y

** With session's rise, GILE up ~38% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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Feb 10 (Reuters) - Gillette India GILE.NS posted a higher second-quarter profit on Monday, driven by strong demand for its grooming products.

Gillette India, known for its razors and shaving creams, posted a profit of 1.26 billion rupees ($14.4 million) for the quarter ended December 31, compared with 1.04 billion rupees a year earlier.

The company continues to see strong demand for its new products and designs, including its multi-blade systems and gel shaving creams, while sustained demand for its higher-priced products has further boosted its revenue.

Rural consumer demand in India has gathered pace over the last few quarters, while urban demand has slowed down.

Revenue from the core grooming segment, which produces razors and accounts for about 80% to Gillette India's total revenue, increased 11% to 5.71 billion rupees during the reported quarter. Sales from its smaller segment, oral care, dropped more than 8%.

The company has also been ramping up its advertising spend in an effort to compete with private labels offering cheaper alternatives.

Its advertising and promotion expenses rose nearly 30%, widening its total quarterly expenses by 4%.

Shares of Gillette India were down 1.6% after the results amid a broadly weaker market. .BO

($1 = 87.5950 Indian rupees)

(Reporting by Nandan Mandayam and Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips)

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** Shares of Gillette India GILE.NS rise as much as 12.4% to a record high of 9,569.5 rupees

** Consumer goods maker posts ~44% rise in Q1 profit, driven by strong demand for its grooming products

** More than 192,000 shares traded, 5x the 30-day avg, in stock's busiest session since Sept. 20

** YTD, stock up 46%

(Reporting by Ashna Teresa Britto in Bengaluru)

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Oct 28 (Reuters) - Gillette India Ltd GILE.NS:

• SEPT-QUARTER PROFIT 1.33 BILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 7.82 BILLION RUPEES

Source text: ID:nNSE1LxMyH

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** Shares of shaving razors maker Gillette India GILE.NS fall 2.8% to 8,524.60 rupees, set for worst day in over a month

** Co gets termination notice for agreement from distributor, Procter & Gamble Bangladesh, effective Dec 31

** Adds co will have proportionate drop in net sales under the agreement that accounted for about 2% of the total net sales in FY 2023-2024

** GILE on track for fifth straight session of losses

** GILE down ~4% so far in Sept, set to snap sixth-month gaining streak

** Stock up ~32% so far this year

(Reporting by Dimpal Gulwani in Bengaluru)

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Sept 24 (Reuters) - Gillette India Ltd GILE.NS:

• TERMINATION OF DISTRIBUTION AGREEMENT WITH DISTRIBUTOR FROM BANGLADESH

• IN FY24, NET SALES UNDER SAID AGREEMENT ACCOUNTED FOR 2% OF NET SALES

• WILL HAVE IMPACT OF PROPORTIONATE DROP IN NET SALES UNDER THIS AGREEMENT

Source text for Eikon: ID:nBSE2G6V4R

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Aug 29 (Reuters) - Gillette India Ltd GILE.NS:

• GILLETTE INDIA LTD - DIVIDEND 45 RUPEES PER SHARE

• GILLETTE INDIA JUNE-QUARTER PROFIT 1.16 BILLION RUPEES

• GILLETTE INDIA JUNE-QUARTER REVENUE FROM OPERATIONS 6.45 BILLION RUPEES

Source text for Eikon: ID:nNSE4Qw31X

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** Shares of Gillette India GILE.NS rise as much as 8.3% to 6,720 rupees, their biggest intraday pct gain since Jan 30

** The maker of Mach 3 brand of shaving razors said on Monday its profit before tax rose 16% Y/Y, rev from ops jumped ~10%

** Gillette India benefited from strong demand for its core grooming products

** Still, co's profit after tax (PAT) was down 4% due to a one-time tax impact in the reported qtr

** More than 104,200 shares change hands, 7.9x its 30-day avg

** GILE stock trading above its 200-day simple moving avg since mid-June

(Reporting by Ashna Teresa Britto in Bengaluru)

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BENGALURU, April 29 (Reuters) - Gillette India GILE.NS posted a nearly 4% fall in third-quarter profit on Monday as stiff domestic competition dampened demand.

Gillette India, known for its Mach 3 brand of shaving razors, reported a profit of 990.9 million rupees ($11.9 million) for the January-March quarter, compared with 1.03 billion rupees a year earlier.

Consumer goods makers are increasingly facing strong competition from smaller manufacturers who are better equipped to occupy shelf space due to declining commodity prices.

Revenue from Gillette's core grooming segment, which accounts for 82% of the total, rose nearly 14% to 5.58 billion rupees, while the cost of raw materials consumed fell 6.3%.

Parent and consumer goods giant Procter & Gamble Co PG.N had raised its annual core profit forecast earlier in April, driven by price increases and resilient demand.

Gillette India's shares dipped 0.8% ahead of the results. It rose 1.2% in the March quarter, compared with a 5.3% fall in the Nifty FMCG index .NIFTYFMCG.

($1 = 83.4499 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sohini Goswami)

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** Shares of Procter & Gamble Hygiene and Health Care PROC.NS up 4%, Gillette India GILE.NS up 2.6%

** Kumar Venkatasubramanian appointed as managing director of both companies for five years effective May 1, 2024

** L. V. Vaidyanathan resigns from the post of managing director

** PROC climbs most since Oct. 31, 2023; rises above 50-day simple moving average

** GILE hits 1-month high and trading above its 50- and 200- day simple moving averages

(Reporting by Anisha Ajith in Bengaluru)

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** Demand environment, barring chocolates, remains weak, but could pick up post harvesting season in April with likely good winter-sown crop - Nirmal Bang

** Brokerage remains positive on Britannia BRIT.NS, Tata Consumer Products TACN.NS and Gillette India GILE.NS among staples

** Among discretionary, it remains positive on United Breweries UBBW.NS and Westlife Foodworld WEST.NS

** Adds if there is no dry spell or further unseasonal rain in next three weeks, price stability is likely as quality and quantity of wheat and barley expected to be good; bodes well for BRIT and UBBW

** After recent heavy investments by BRIT, next few years could see higher topline growth once near-term inflation impact on demand dissipates - Nirmal Bang

** Expects ~13%/15.5% revenue/PAT CAGR for BRIT over FY24-FY26; rates co 'buy' with target price of 5,910 rupees

** Adds positive on TACN over medium-to-long term over improvement in margins, gradual recovery in volume growth in foods and beverages businesses

(Reporting by Rama Venkat in Bengaluru)

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Gillette India GILE.NS, known for its shaving razors and Oral B toothbrushes, posted a 39.6% rise in its second-quarter profit on Tuesday, helped by increased demand and launch of more premium products.

Gillette India, in which consumer goods giant Procter & Gamble Co PG.N holds a majority stake, reported a profit of 1.04 billion rupees ($12.5 million) for the three months ended Dec. 31, compared with 744.5 million rupees a year earlier.

Its revenue from operations rose 3.4% for the quarter.

Gillette India also declared an interim dividend of 85 rupees per share for the financial year 2023-24, which includes a one-time special dividend of 40 rupees per share.

For further results highlights, click here: nFWN3EK0JV

KEY CONTEXT

Gillette is capitalising on the changing consumer preferences in India in recent years, as a significant number of consumers, particularly the rising middle-class, favour branded products over unbranded local alternatives.

The surge in the company's second-quarter profit follows a single-digit growth in the previous quarter.

Rival Colgate-Palmolive (India) COLG.NS reported a 35.7% jump in the December-quarter profit, aided by healthy urban demand and a fall in expenses.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 83.1217 Indian rupees

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Dhanya Ann Thoppil and Mrigank Dhaniwala)

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Oct 31 (Reuters) - Gillette India Ltd GILE.NS:

• SEPT-QUARTER PROFIT 926.9 MILLION RUPEES VERSUS 867.8 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 6.68 BILLION RUPEES VERSUS 6.2 BILLION RUPEES

Further company coverage: GILE.NS

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** Shares of Gillette India GILE.NS up as much as 3.57% at 5,725 rupees, in sharpest pct gain since July 14

** Co's Q4 profit jumped 36% to 917.5 mln rupees ($11.10 million) while rev from ops rose 12% to 6.19 bln rupees

** Stock on track for third consecutive session of gains

** More than 65,900 shares changed hands by 2:40 p.m. IST, about 4x 30-day avg

** YTD stock had risen 10%

($1 = 82.6840 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Gillette India GILE.NS rise as much as 5.52% to 4,838.95 rupees; sharpest intraday pct gain since Aug. 22

** Growth in female grooming products, entry into electric shaving products, potential premiumisation in toothbrushes can transform co's growth prospects- Nirmal Bang analysts

** Brokerage's channel checks, customer surveys indicate healthy traction and brand recall in female grooming sub-segment for Gillette; maintains "buy" rating, raises PT to 5,550 rupees from 5,380 rupees

** Share price above 50-day, 100-day and 200-day exponential moving averages, suggesting bullish trend

** Relative strength index above 70, indicating it is overbought

** More than 47,000 shares change hands by 12:43 p.m. IST, 2.2x 30-day avg

** Including session's gain, stock trims some of its losses, last down ~3.9% YTD

(Reporting by Ashish Chandra in Bengaluru)

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May 11 (Reuters) - Gillette India Ltd GILE.NS, known for its shaving razors, posted a more than 48% jump in third-quarter profit on Thursday, helped by lower income tax expenses and the introduction of more premium products.

Gillette India, in which consumer goods giant Procter & Gamble Co PG.N holds a 75% stake, said its profit stood at 1.03 billion rupees ($12.6 million) for the three months ended March 31, compared with 693.1 million rupees a year earlier.

Total expenses rose nearly 11% in what the maker of Oral B toothbrushes called a "challenging" cost environment. However, income tax expenses more than halved to 201.7 million rupees.

Revenue from its mainstay grooming segment, which accounts for over three-fourths of the total revenue, rose 10%, while oral care reported a nearly 7% increase.

Total revenue from operations rose 9.3% to 6.19 billion rupees.

Shares of the company closed 0.12% down on Thursday ahead of the results. It fell 14% in the January-March quarter, compared with a 4% rise in the benchmark Nifty FMCG Index .NIFTYFMCG.

($1 = 81.7800 Indian rupees)

(Reporting by Aleef Jahan and Manvi Pant in Bengaluru)

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