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Gillette India Limited
Sector:Personal Care Personal Care - Personal Care Products
BSE:507815NSE:GILLETTEBloomberg:GILL@INReuters:GILE.BO
Market Lot: 1Face Value: 10ISIN Demat: INE322A01010
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04-Feb-2016
Business Profile
Gillette India (GILLETTE) was incorporated on Feb. 09 1984 in Rajasthan. Formerly known as Indian Shaving Products, the company is a 41.02% subsidiary of the Gillette Company, USA.

In the year 2000, Wilkinson Sword India and Duracell India were merged with Indian Shaving Products, the listed entity. The company was renamed as Gillette India. Post merger, business portfolio involves shaving products (sold under Gillette, 7`0 Clock and Wilkinson brands), battery and flashlights business (Duracell and Geep), and oral care products (Oral B). The company also entered into the ladies personal care segment with the launch of Gillette Sensor Excel for women. GILLETTE tied up with Rediff-on-the-Net e-commerce to market its products and increase its customer base. Sabre Pens, Sheen Dental Products, Klosershav Products, and Vanity Cosmetic are wholly-owned subsidiaries of the company.

In the year 2005, Gillette Company, USA was acquired worldwide through merger by Procter & Gamble Company, USA. The companies will remain as separate legal entities. The Indian subsidiary will move over to P&G`s distribution structure and gradually discontinue services of the 700+ distributors engaged in mass trade of Gillette products. The company will also follow P&G`s fiscal year (July-June), subject to necessary approvals. As part of the transition, P&G will begin buyback of stocks from the Gillette India dealers.


Financials
The company reported rise of 41.05% in standalone net profit on y-o-y basis to Rs 519.90 million, while total income increased 0.84% y-o-y basis to Rs 5.08 billion for the quarter ended December 2015.

Recent Developments
08-JAN-14
Gillette India clarified news item appearing in a leading financial daily titled,' Delisting Buzz Fuels Gillette Stock Surge'.

21-NOV-13
Gillette India announced that the company has received two letters from Procter & Gamble India Holdings B.V, a promoter of the company, and the Poddar Heritage Group intimating that the sellers have completed the offer for sale of 2,857,744 equity shares of the company through the Stock Exchange Mechanism pursuant to the SEBI OFS Circulars on Nov. 13, 2013, the settlement for which has been completed on November 19, 2013.

26-SEP-13
Securities and Exchange Board of India (SEBI) allowed Gillette India`s domestic promoters - the Poddar group - to be reclassified as public shareholders.

06-AUG-13
Gillette India announced that its board of directors has recommended a dividend of 150% or Rs 15 a share of face value of Rs 10 each for the financial year ended June 30, 2013.

04-JUL-13
Gillette India said on Thursday that SAT has dismissed its appeal which the company had filed challenging SEBI's refusal.

28-JUN-13
Gillette India announced that a meeting of the board of directors of the company will be held on Aug. 16, 2013 to consider and approve audited financial results and statements for the financial year ended June 30, 2013

02-FEB-12
Gillette India has posted a net profit of Rs 199.6 million for the quarter ended December 31, 2011 as compared to Rs 200.2 million for the quarter ended December 31, 2010, reflecting decrease of 0.30%.

01-FEB-11
Gillette India has posted a phenomenal drop of 46.57% in the net profit for the quarter ended December 2010. During the quarter, the profit of the company rose to Rs 200.20 million from Rs 374.70 million in the same quarter previous year.



In Brief

 
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