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NEW DELHI – Shares of Gillette India gave up 2.4 per cent in early trade Thursday as the maker of shaving products reported a 13.9 per cent decline in October-December net profit to Rs 70.50 crore.
The company, which follows July-June financial year, had reported a profit of Rs 81.90 crore in the corresponding quarter of the previous fiscal.
The counter fell to Rs 5,170.05 against Rs 5,295.30 at the previous close on the National Stock Exchange.
The company’s revenue from operations was up 8.26 per cent to Rs 563.44 crore during the quarter under review against Rs 520.42 crore, Gillette India said in a BSE filing.
Profit after tax was down "due to higher commodity costs and base effect of the lower advertising and promotion investments" in the same quarter year ago due to the pandemic, the company said.
Meanwhile, in a separate filing Gillette India said its board in the meeting held on Wednesday has recommended an interim dividend of Rs 33 per equity share (Face Value of Rs 10/- each) for the Financial Year 2021-22.
The company had reported a 14.02 per cent decline in its net profit to Rs 81.93 crore for the first quarter ended September 30.
The company, which follows July-June financial year, had reported a profit of Rs 81.90 crore in the corresponding quarter of the previous fiscal.
The counter fell to Rs 5,170.05 against Rs 5,295.30 at the previous close on the National Stock Exchange.
The company’s revenue from operations was up 8.26 per cent to Rs 563.44 crore during the quarter under review against Rs 520.42 crore, Gillette India said in a BSE filing.
Profit after tax was down "due to higher commodity costs and base effect of the lower advertising and promotion investments" in the same quarter year ago due to the pandemic, the company said.
Meanwhile, in a separate filing Gillette India said its board in the meeting held on Wednesday has recommended an interim dividend of Rs 33 per equity share (Face Value of Rs 10/- each) for the Financial Year 2021-22.
The company had reported a 14.02 per cent decline in its net profit to Rs 81.93 crore for the first quarter ended September 30.
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