GILLETTE

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:

• GILLETTE INDIA LTD - GAUTAM KAMATH TENDERED RESIGNATION AS CFO

• GILLETTE INDIA LTD - NAMES SRIVIDYA SRINIVASAN AS CHIEF FINANCIAL OFFICER

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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

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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

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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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** Shares of Gillette India GILE.NS rise as much as 12.6% to 7,299 rupees, mark sharpest intraday pct gain since Feb. 13, 2015

** Stock has since pared most of its gains, currently up 2.8%

** GILE reports ~40% rise in Q2 profit, while rev from ops up 3.4% Y/Y

** Both grooming and oral care segments post rise in revenue at 4% and 0.9%, respectively

** GILE also declares interim dividend of 85 rupees ($1.02) per shr, which includes a one-time special dividend of 40 rupees per shr

** Stock rose 28.8% in 2023, its first yearly gain since 2019

** GILE rose 5.8% in Dec. qtr, marking three straight qtrs of gain

($1 = 83.1190 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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Oct 31 (Reuters) - Gillette India GILE.NS, known for its shaving razors, posted a nearly 7% rise in its quarterly profit on Tuesday, as moderating inflation helped lift demand for its grooming products, including in the country's hinterlands.

Gillette India, in which consumer goods giant Procter & Gamble Co PG.N holds a 75% stake, said its first quarter profit rose to 926.9 million rupees ($11.13 million) from 867.8 million rupees a year ago.

India's annual retail inflation eased to 6.83% in August from 7.44% in July, further easing to 5.02% in September on softer food prices, helping revive consumers' discretionary spending.

Revenue from its mainstay grooming segment, which accounts for over three-fourths of the total revenue, rose 7.8%, while the smaller oral care segment reported a 7% increase.

Gillette India's total revenue from operations climbed 7.7% to 6.68 billion rupees.

Total expenses for the company rose nearly 10% led by a 36% climb in the stock-in-trade purchase costs.

Fellow P&G Group company, Procter & Gamble Hygiene and Health Care PROC.NS on Monday posted a 36% jump in its quarterly profit.

Gillette India's shares dipped 0.3% after the results. It rose 20.7% in the July-September quarter, compared with a 1.1% drop in the Nifty FMCG index .NIFTYFMCG.

($1 = 83.2575 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; editing by Eileen Soreng)

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

• DIVIDEND 50 RUPEES PER SHARE

• JUNE-QUARTER PROFIT 917.5 MILLION RUPEES VERSUS 675.9 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 6.19 BILLION RUPEES VERSUS 5.53 BILLION RUPEES

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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:

• GILLETTE INDIA MARCH-QUARTER PROFIT 1.03 BILLION RUPEES VERSUS 693.1 MILLION RUPEES

• GILLETTE INDIA MARCH-QUARTER REVENUE FROM OPERATIONS 6.19 BILLION RUPEES VERSUS 5.67 BILLION RUPEES

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