Gillette FY04 net up 37%

Gillette India today reported a 36.59% increase in net profit at Rs 61.22 crore for the year ended December 31, 2004 as against Rs 44.82 crore in FY03.

According to a release issued to the BSE today, total income increased to Rs 425.19 crore from Rs 377.55 crore in FY03.

The company posted a near 700% rise in net profit at Rs 6.83 crore for the fourth quarter ended December 31, 2004 as against Rs 0.86 crore in the quarter ended December 31, 2003. Total income increased to Rs 104.22 crore from Rs 93.82 crore in Q4FY03.

The board has recommended a dividend of 85% i.e Rs 8.50 per share for FY04.