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Gillette India - 3QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On Gillette India - 3QFY21 - Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
For Q3FY21, Gillette India Ltd (GIL)’s net sales grew by ~32% to Rs537cr on the back of strong sales across segments like Grooming and Oral care. On the EBITDA front, the company has reported ~Rs141cr and EBITDA margin at 26.2%, which is up by 642bps yoy due to lower expenditures. Net Profit for the quarter was Rs106cr, up 102% vs year ago. The Board of Directors declared a special interim dividend of Rs50 on every equity share of Rs10. The record date for the dividend will be May 14, 2021. Overall 3QFY21, in-results with expectation. Hence, we are positive on stock.
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