FMCG major Gillette India has posted a 14.98 per cent increase in its net profit at Rs 27.16 crore for the third quarter ended March 31, 2013 on the back of strong sales across various business verticals.
The company had posted a net profit of Rs 23.62 crore in the same period previous fiscal, Gillette India said in a filing to the BSE.
“The profit increase was driven by growth in Gillette Guard, continued growth in Oral B and Duracell, as well as pricing,” it added.
Net sales rose to Rs 356.54 crore during the third quarter against Rs 317.75 crore in the same period last fiscal.
“GIL is executing its proven business model of delivering value to consumers combined with effective pricing and cost-control, which is helping us deliver consistent top and bottom line growth,” Gillette India Managing Director Shantanu Khosla said.
For the nine months ended March 31, 2013, the company has posted a net profit of Rs 70.69 crore against Rs 62.01 crore during the same period previous fiscal.
Shares of Gillette India ended at Rs 2,084.30, down 0.5 per cent on the BSE today.