Shares of Gillette have risen 26.38% in six sessions following strong Q1 results. The stock surged 4.18% on 28 October 2024, when the company announced its earnings. The company delivered strong balanced growth during the first quarter with sales of Rs 782 crore, up 17% vs year ago. The growth has been broad based amidst continuing green shoots in rural markets. It reported profit after tax (PAT) of Rs 133 crore, up 43% vs year ago led by a strong sales growth, productivity interventions and innovation. The company said it continued to strengthen its position as a leading player in the blades & razors category in the quarter. Profit before tax stood at Rs 177.25 crore in the Q1 FY25, up 41.6% YoY and up 14.19% QoQ. Operating profit margin (OPM) expanded to 24.36% in Q1 FY25, up from 20.63% in the same period last year. Total expenses rose 11.6% to Rs 591.33 crore in Q1 FY25 over Q1 FY24. During the quarter, cost of materials consumed stood at Rs 172.27 crore (down 3.8% YoY) while employee benefits expense was at Rs 48.11 crore (down 9.9% YoY). Gillette India is one of India's well-known FMCG companies that has some of the world's leading brands Gillette, Oral B, Venus and Braun. Powered by Capital Market - Live

Syrma SGS Technology Ltd, KSB Ltd, Federal Bank Ltd, JSW Infrastructure Ltd are among the other stocks to see a surge in volumes on NSE today, 29 October 2024.Gillette India Ltd notched up volume of 7.24 lakh shares by 14:14 IST on NSE, a 43.93 fold spurt over two-week average daily volume of 16476 shares. The stock rose 11.57% to Rs.9,501.00. Volumes stood at 30254 shares in the last session.Syrma SGS Technology Ltd notched up volume of 228.6 lakh shares by 14:14 IST on NSE, a 12.75 fold spurt over two-week average daily volume of 17.92 lakh shares. The stock rose 13.27% to Rs.489.50. Volumes stood at 122.41 lakh shares in the last session.KSB Ltd recorded volume of 11.02 lakh shares by 14:14 IST on NSE, a 11.66 times surge over two-week average daily volume of 94502 shares. The stock lost 5.12% to Rs.790.00. Volumes stood at 71866 shares in the last session.Federal Bank Ltd recorded volume of 577.03 lakh shares by 14:14 IST on NSE, a 7.32 times surge over two-week average daily volume of 78.80 lakh shares. The stock gained 7.95% to Rs.199.70. Volumes stood at 157.53 lakh shares in the last session.JSW Infrastructure Ltd witnessed volume of 140.09 lakh shares by 14:14 IST on NSE, a 5.99 times surge over two-week average daily volume of 23.40 lakh shares. The stock increased 9.59% to Rs.314.90. Volumes stood at 19.29 lakh shares in the last session.Powered by Capital Market - Live

The company delivered strong balanced growth during the first quarter with sales of Rs 782 crore, up 17% vs year ago. The growth has been broad based amidst continuing green shoots in rural markets. It reported profit after tax (PAT) of Rs 133 crore, up 43% vs year ago led by a strong sales growth, productivity interventions and innovation. The company said it continued to strengthen its position as a leading player in the blades & razors category in the quarter. Kumar Venkatasubramanian, managing director, Gillette India said, We have delivered a strong double-digit growth across both topline and bottom line in the quarter. These results are a testament to our teams' execution of the integrated growth strategy, which we remain committed to ' a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization ' all aimed at delivering sustainable, balanced growth and value creation. Profit before tax stood at Rs 177.25 crore in the Q1 FY25, up 41.6% YoY and up 14.19% QoQ. Total expenses rose 11.6% to Rs 591.33 crore in Q1 FY25 over Q1 FY24. During the quarter, cost of materials consumed stood at Rs 172.27 crore (down 3.8% YoY) while employee benefits expense was at Rs 48.11 crore (down 9.9% YoY). Gillette India is one of India's well-known FMCG companies that has some of the world's leading brands Gillette, Oral B, Venus and Braun. Powered by Capital Market - Live

Net profit of Gillette India rose 43.50% to Rs 133.01 crore in the quarter ended September 2024 as against Rs 92.69 crore during the previous quarter ended September 2023. Sales rose 17.12% to Rs 781.82 crore in the quarter ended September 2024 as against Rs 667.55 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales781.82667.55 17 OPM %24.3620.63 - PBDT196.49145.25 35 PBT177.25125.16 42 NP133.0192.69 43 Powered by Capital Market - Live

The Board of Gillette India has appointed Ms. Srividya Srinivasan as Chief Financial Officer of the Company and Additional (Executive) Director with effect from 1 November 2024, pursuant to the resignation of Mr. Gautam Kamath as the Director & Chief Financial Officer of the Company w.e.f. the closing hours of 31 October 2024.Powered by Capital Market - Live

Gillette India has appointed Chander Prakash Gurnani (DIN 00018234), as Non-Executive Independent Director of the Company for a term of five years, with effect from 15 October 2024, subject to the approval of the shareholders of the Company. Powered by Capital Market - Live

Gillette India will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

The domestic equity benchmarks ended with moderate gains on Wednesday. The Nifty closed above the 26,000 level after hitting day's low of 25,871.35 in early afternoon trade. Media, realty and metal shares advanced while PSU bank, IT and consumer durables stocks declined. As per provisional closing data, the barometer index, the S&P BSE Sensex rose 255.83 points or 0.30% to 85,169.87. The Nifty 50 index added 63.75 points or 0.25% to 26,004.15. The Sensex and Nifty clocked an all-time high of 85,247.42 and 26,032.80, respectively in late trade. In the broader market, the S&P BSE Mid-Cap index fell 0.53% and the S&P BSE Small-Cap index shed 0.35%. The market breadth was negative. On the BSE, 1,711 shares rose and 2,246 shares fell. A total of 108 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.37% to 12.41. Economy: Moody's has revised its calendar year 2024 growth forecast for India to 7.1% from its earlier estimates of 6.8% in June, as it expects growth in the Asia-Pacific region to outpace the global economy. IPO Update : The initial public offer (IPO) of KRN Heat Exchanger and Refrigeration received 18,58,68,085 bids for shares as against 1,09,93,000 shares on offer, according to stock exchange data at 15:15 IST on Wednesday (25 September 2024). The issue was subscribed 16.91 times. The issue opened for bidding on Wednesday (25 September 2024) and it will close on Friday (27 September 2024). The price band of the IPO is fixed between Rs 209 to Rs 220 per share. An investor can bid for a minimum of 65 equity shares and in multiples thereof. The initial public offer (IPO) of Manba Finance received 1,68,13,25,250 bids for shares as against 87,99,000 shares on offer, according to stock exchange data at 15:15 IST on Wednesday (25 September 2024). The issue was subscribed 191.08 times. The issue opened for bidding on Monday (23 September 2024) and it will close on Wednesday (25 September 2024). The price band of the IPO is fixed between Rs 114 to Rs 120 per share. An investor can bid for a minimum of 125 equity shares and in multiples thereof. Buzzing Index: The Nifty Media index jumped 2.94% to 2,139.25. The index rallied 4.04% in four consecutive trading sessions. Saregama India (up 14.81%), Zee Entertainment Enterprises (up 5.91%), Tips Industries (up 3.02%), Dish TV India (up 1.69%), PVR Inox (up 0.61%) and Sun TV Network (up 0.43%) advanced. On the other hand, TV18 Broadcast (down 1.24%), Nazara Technologies (down 1.03%) and Hathway Cable & Datacom (down 0.97%) edged lower. Stocks in Spotlight: Gillette India slipped 3.05% after the company's distributor notified that Procter & Gamble (P&G) Bangladesh terminated the distribution agreement with effect from 31 December 2024. Delta Corp advanced 2.79% after the company's board approved demerger of its hospitality and real estate business into a newly incorporated company named as Delta Penland (DPPL). Mahindra Holidays & Resorts India shed 0.97%. The company, via its flagship brand Club Mahindra, has assumed the complete management of the Club Mahindra Golden Landmark resort in Mysuru, Karnataka. Mazagon Dock Shipbuilders (MDL) added 0.64%. The company announced the commencement of production activity for the first multipurpose cargo vessel (MPV) for Denmark's Navi Merchants. Man Infraconstruction rose 1.95% after the company announced that its Mumbai-based project, having a revenue potential of about Rs 1,650 crore, has achieved nearly full sales. Snowman Logistics dropped 4.04% after the company said that its Chief Executive Officer (CEO), Sunil Prabhakaran Nair has resigned with effect from the close of business hours of 30 November 2024, due to his personal reasons. Ecos (India) Mobility & Hospitality slipped 2.26% after the company reported standalone net profit of Rs 13.50 crore in Q1 FY25, marking a de-growth of 2.87% as compared with the PAT of Rs 13.90 crore recorded in Q1 FY24.Revenue from operations increased by 14.01% to Rs 148.90 crore in Q1 FY25 from Rs 130.60 crore posted in Q1 FY24. Global Markets: Most European stocks traded lower on Wednesday as investors digested Chinese stimulus measures. Sweden's Riksbank on Wednesday cut interest rates by 25 basis points to 3.25% and suggested the policy rate could be reduced further at the two remaining monetary policy meetings this year. Asian stocks ended mixed on Wednesday, as the People's Bank of China (PBOC) reduced the medium-term lending facility (MLF) rate to 2%, down from 2.3%. This marks the second MLF cut in approximately three months, following a decrease from 2.5% to 2.3% in late July. Additionally, investors assessed Australia's inflation figures released on Wednesday. The consumer price index (CPI) increased by 2.7% year-on-year in August, reflecting a decrease from the 3.5% rise recorded in July. In the United States, the S&P 500 (+0.25%) reached a new all-time high Tuesday, shrugging off concerns about weak consumer confidence. Nvidia's shares surged 4% following news that CEO Jensen Huang had completed his stock sales. The Dow Jones Industrial Average (+0.20%) and Nasdaq Composite (+0.56%) also recorded gains. US consumer confidence suffered its biggest one-month decline in more than three years, hitting 98.7 for September. The data follows a warning from JPMorgan Chase CEO Jamie Dimon about increasing geopolitical instability cast a shadow over the positive market sentiment. Dimon expressed concerns that these geopolitical tensions could impact the global economy.Powered by Capital Market - Live

As a consequence of this termination, the company will have an impact of proportionate drop in net sales under this agreement. For the financial year 2023‐24, the net sales under the said distributor agreement accounted for around 2% of the total net sales of the company. Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power and oral care businesses. The company's consolidated net profit jumped 26.4% to Rs 115.97 crore in Q1 FY25 as compared with Rs 91.75 crore in Q1 FY24. Revenue increased 4.2% YoY to Rs 645.33 crore in Q1 FY25.Powered by Capital Market - Live

Gillette India announced that the 40th Annual General Meeting (AGM) of the company will be held on 3 December 2024.Powered by Capital Market - Live