Gillette FY 05 net rises 12.25 per cent; revenues increase 10.76 per cent

Our Corporate Bureau
24 February 2006

Gillette India, the market leader in shaving products for men, has reported a net profit of Rs 68.72 crore, or Rs 21.09 per share, for the financial year ended December 2005 as compared to Rs 61.22 crore, or Rs 18.79 per share, for 2004 - an increase of 12.25 per cent. Total revenues for the year increased to Rs 470.96 crore as against Rs 425.19 crore, a growth of 10.76 per cent.

Other income for the full year at Rs 17.93 crore declined marginally, as compared to Rs 18.88 crore during the previous year.

Operating profits for the year 2005 were at Rs 124.91 crore as compared to Rs 113.93 crore during 2004. Operating margins for 2005 at 27.57 per cent were marginally lower than 28.04 per cent for 2004.

For the quarter ended December 2005, the company has reported a net profit of Rs 14.95 crore, or Rs 4.59 per share, as against Rs 6.83 crore, or Rs 2.1 per share, for the previous year quarter. Total revenues for the quarter increased to Rs 121.15 crore from Rs 104.22 crore during the pervious year quarter.

Gillette had reported a net profit of Rs 19.33 crore, or Rs 5.93 per share, during the quarter ended September 2005 on total revenues of Rs 121.85 crore.

Last quarter operating margins were lower at 24.88 per cent as compared to 29.36 per cent for the third quarter.