Gillette India is smiling as it's stocks surge
Advertisement
Advertisement
Gillette India, maker of men's shaving products, surged in Monday's trade after the company reported a strong set of quarterly earnings. Gillette said its fourth quarter net profit surged 334 percent to 72.8 crore rupees from 16.8 crore rupees in the same quarter a year ago. Gillette's sales gained 12.3 percent to 540.9 crore rupees from 479.4 crore rupees over the same period.
Gillette rose 105 rupees, or 2.2 percent, to 4,976 rupees on the National Stock Exchange, where 16,900 shares changed hands versus the 5-day average of 12,746 shares.
Gillette has seen its market capitalisation surge 93 percent in the past one year to 16,270 crore rupees as investors sought the safety of predictable revenue and profit streams in a company with international brands and lineage.
Advertisement
Image credit: Indiatimes
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas