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Shares of Gillette India has rallied 12% to Rs 3,914 on BSE after reporting a three-fold jump in net profit at Rs 36.86 crore for the quarter ended December 31, 2014 (Q2), on back of strong operational performance.
The personal products maker had profit of Rs 11 crore in the same quarter last year.
Net sales increased by 17% year on year at Rs 498 crore in the December quarter, with robust double-digit growth across all segments, Gillette India said in a statement.
Oral care delivered sales growth of 26% versus last year driven by product innovations and superior value propositions. Sales in grooming segment were up 13%, while sales in the portable power business were up 29% versus year ago, it added.
The stock opened at Rs 3,705 and hit a record high of Rs 3,947 on BSE. Till 1100 hours, a combined 70,320 shares changed hands on BSE and NSE.
The personal products maker had profit of Rs 11 crore in the same quarter last year.
Net sales increased by 17% year on year at Rs 498 crore in the December quarter, with robust double-digit growth across all segments, Gillette India said in a statement.
Oral care delivered sales growth of 26% versus last year driven by product innovations and superior value propositions. Sales in grooming segment were up 13%, while sales in the portable power business were up 29% versus year ago, it added.
The stock opened at Rs 3,705 and hit a record high of Rs 3,947 on BSE. Till 1100 hours, a combined 70,320 shares changed hands on BSE and NSE.
