Gillette records 36.14% growth in net profit

New Delhi, Aug 24 (UNI) Gillette India Ltd (GIL) today said it has posted a 36.14 per cent jump in its net profit at Rs 43.24 crore for the quarter ended June 30, 2007 as compared to Rs 31.76 crore during the corresponding quarter last year.

The total income also increased from Rs 147.56 crore for the quarter ended June 30, 2006 to Rs 157.24 crore in the same period this year.

Company's Managing Director Shantanu Khosla said, Gil has recorded strong growth in all business segments, in both the three month and 18 month periods respectively.

''This is a result of sustained focus on franchise building and upgrading consumers to higher value and better quality products.

Our transition to the new organisation, sales and distribution structure is working well and is reflected in the consistent increase top-line and margins, post integration with P&G.'' The company has also recommended a final dividend of Rs 7.5 per equity share for the year ended June 30, 2007.

It had already declared an interim dividend of Rs 10 per equity share on February 27, 2007. Thus the total dividend paid by the company will be Rs 17.5 per equity share for the year 2006-2007.

UNI