Gillette records a 118% increase in net profit at Rs 15 cr
New Delhi, Feb 23 (UNI) Gillette India today reported a net profit of Rs 15 crore for the quarter ending December 31, 2005, an increase of 118 per cent over Rs 6.8 crore during the year-ago period.
The company recorded net sales of Rs 116.10 crore for the fourth quarter, a growth of 18 per cent over Rs 98.3 crore in 2004-05, a statement said.
According to MD Zubair Ahmed, ''We have been able to drive value leadership in our core categories with a strong brand franchise, as a result of sustained and aggressive investments in advertising and marketing innovations during the year. Strategic brand investments we made in 2005 helped in our endeavour of upgrading the Indian consumer to superior technology products.'' 2005 also marked Gillette India reaching it highest-ever annual net profit figure at Rs 68.7 crore, a growth of 12.3 per cent over financial year 2004. The company proposed a dividend for fiscal 2005 at 100 per cent (Rs 10 per share).
The company's Grooming Business grew by 12 per cent. Mach 3 sales recorded an impressive 22 per cent growth in financial year 2005, while Vector Plus delivered 72 per cent volume growth.
In the Personal Care and Oral Care Business categories, Gillette India had a 22 per cent and 35 per cent growth respectively in net sales in 2005.
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