Gillette India today said its net profit declined marginally to Rs 19.96 crore for the quarter ended December 31, 2011, primarily due to rupee devaluation and inflationary pressures.
The company had posted a net profit of Rs 20.02 crore in the same period last fiscal, Gillette India said in a filing to the BSE.
Net sales of the company rose to Rs 324.50 crore for the quarter, compared to Rs 254.46 crore in the same period previous fiscal.
"Earnings were impacted due to external economic factors such as rupee devaluation and inflationary pressures, as well as a shift in product mix," the company said.
Shares of Gillette India were trading at Rs 1,900 on the BSE in late afternoon trade, down 0.76% from its previous close.