Gillette India Q2 net plunges 66.30 pc

Mumbai, July 21 (UNI) Gillette India Ltd has posted a net profit of Rs 5.92 crore for the quarter ended June 30, as compared to Rs 17.57 crore for the corresponding quarter last year, a fall of 66.30 per cent.

Announcing the results, the company said its total income (net of excise) has increased from Rs 116.67 crore in Q2 FY'05-06 to Rs 147.56 crore for Q2 FY'06-07.

Gillette Managing Director Zubair Ahmed said, ''The high 24 per cent growth in sales is testimony to our relentless focus on building our brands. Our transition to the new organisation and sales and distribution structure is going as per the Plan and so far transition has been smooth and results are ahead of plan. We continue to believe that the savings and benefits resulting from the restructure are expected to outweigh the cost in the long run.'' UNI SN SSS SKB1745