FMCG firm Gillette India Ltd (GIL) today reported a profit after tax of Rs 37 crore in the third quarter ended December 31, 2014 compared to Rs 11 crore in the same quarter last financial year.
The growth in profit was on the back of productivity driven cost savings.
Net sales increased to Rs 498 crore in the December quarter, up 17 per cent with robust double-digit growth across all segments, GIL said in a statement.
Sales in grooming segment were up 13 per cent driven by product innovation, it added.
Oral care products delivered a sales growth of 26 per cent in the December quarter of the current fiscal against the same period in the last financial year.
Shares of Gillette India ended at Rs 3,490 apiece on the BSE, up 1.98 per cent from their previous close.
