Gillette India Ltd
Gillette India Limited is a public company incorporated under the provisions of the Companies Act 1956. The company is engaged in manufacturing and selling of packaged fast moving goods under its various brands in the grooming and oral care segment.
Gillette sells razors and blades, shaving gel, shaving cream and after shave through various modes like drug stores, department stores, grocery stores, mass merchandisers, membership club stores. [1]
- Market Cap ₹ 27,826 Cr.
- Current Price ₹ 8,539
- High / Low ₹ 11,505 / 7,412
- Stock P/E 48.5
- Book Value ₹ 357
- Dividend Yield 1.31 %
- ROCE 56.1 %
- ROE 41.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.6%
- Company has been maintaining a healthy dividend payout of 81.0%
Cons
- Stock is trading at 23.9 times its book value
- The company has delivered a poor sales growth of 3.72% over past five years.
- Debtor days have increased from 50.8 to 61.9 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Jun 2014 | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 9m | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,662 | 1,875 | 1,755 | 1,733 | 1,677 | 1,862 | 1,679 | 1,982 | 2,256 | 2,477 | 2,633 | 2,235 | 2,971 | |
| 1,589 | 1,684 | 1,448 | 1,348 | 1,290 | 1,478 | 1,319 | 1,522 | 1,773 | 1,937 | 1,995 | 1,635 | 2,144 | |
| Operating Profit | 73 | 191 | 306 | 385 | 387 | 384 | 360 | 460 | 483 | 540 | 638 | 600 | 826 |
| OPM % | 4% | 10% | 17% | 22% | 23% | 21% | 21% | 23% | 21% | 22% | 24% | 27% | 28% |
| 38 | 68 | 50 | 34 | 8 | 11 | 11 | 32 | 7 | 22 | 20 | 27 | 36 | |
| Interest | 0 | 5 | 6 | 7 | 7 | 8 | 5 | 5 | 11 | 8 | 13 | 9 | 13 |
| Depreciation | 33 | 39 | 30 | 38 | 42 | 48 | 51 | 58 | 68 | 81 | 83 | 64 | 85 |
| Profit before tax | 78 | 215 | 320 | 374 | 345 | 339 | 314 | 429 | 411 | 473 | 562 | 554 | 765 |
| Tax % | 34% | 26% | 33% | 32% | 34% | 25% | 27% | 28% | 30% | 25% | 27% | 25% | |
| 51 | 158 | 214 | 253 | 229 | 253 | 230 | 310 | 289 | 356 | 412 | 418 | 574 | |
| EPS in Rs | 15.78 | 48.53 | 65.73 | 77.67 | 70.29 | 77.62 | 70.64 | 95.25 | 88.79 | 109.15 | 126.35 | 128.17 | 176.15 |
| Dividend Payout % | 95% | 31% | 60% | 211% | 33% | 57% | 69% | 125% | 78% | 78% | 103% | 87% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 9% |
| 3 Years: | 19% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 36% |
| 3 Years: | 39% |
| Last Year: | 42% |
Balance Sheet
Figures in Rs. Crores
| Jun 2014 | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 611 | 710 | 904 | 468 | 662 | 746 | 879 | 756 | 829 | 956 | 939 | 991 | 1,130 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 411 | 468 | 488 | 498 | 515 | 432 | 441 | 606 | 758 | 927 | 859 | 895 | 987 | |
| Total Liabilities | 1,054 | 1,210 | 1,424 | 998 | 1,209 | 1,210 | 1,352 | 1,395 | 1,619 | 1,916 | 1,831 | 1,918 | 2,149 |
| 173 | 156 | 178 | 214 | 264 | 300 | 296 | 310 | 363 | 389 | 347 | 342 | 322 | |
| CWIP | 61 | 63 | 88 | 63 | 40 | 25 | 21 | 72 | 65 | 32 | 26 | 17 | 31 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 821 | 991 | 1,158 | 721 | 904 | 886 | 1,034 | 1,013 | 1,191 | 1,494 | 1,458 | 1,558 | 1,797 | |
| Total Assets | 1,054 | 1,210 | 1,424 | 998 | 1,209 | 1,210 | 1,352 | 1,395 | 1,619 | 1,916 | 1,831 | 1,918 | 2,149 |
Cash Flows
Figures in Rs. Crores
| Jun 2014 | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 96 | 172 | 279 | 248 | 237 | 134 | 225 | 443 | 462 | 463 | 509 | 328 | |
| -36 | -103 | 155 | 14 | -77 | -65 | -29 | -79 | -112 | -67 | -49 | -27 | |
| -57 | -58 | -79 | -684 | -39 | -165 | -105 | -430 | -225 | -231 | -440 | -358 | |
| Net Cash Flow | 3 | 12 | 356 | -422 | 121 | -95 | 91 | -66 | 125 | 164 | 20 | -58 |
Ratios
Figures in Rs. Crores
| Jun 2014 | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 23 | 23 | 27 | 38 | 36 | 41 | 36 | 43 | 47 | 38 | 62 |
| Inventory Days | 104 | 87 | 104 | 103 | 105 | 104 | 136 | 152 | 130 | 127 | 131 | 181 |
| Days Payable | 116 | 116 | 137 | 150 | 173 | 126 | 138 | 169 | 193 | 209 | 212 | 260 |
| Cash Conversion Cycle | 9 | -6 | -10 | -19 | -30 | 15 | 40 | 19 | -20 | -35 | -43 | -17 |
| Working Capital Days | 27 | 49 | -10 | -17 | -18 | 15 | 35 | 14 | -0 | -4 | -7 | 13 |
| ROCE % | 12% | 35% | 39% | 54% | 60% | 48% | 38% | 51% | 51% | 52% | 59% | 56% |
Documents
Announcements
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Allotment Of Director Identification Number To Ms. Rohini Venkateswaran-Additional (Executive) Director
31 Oct - Ms Rohini Venkateswaran allotted DIN 11361794; appointed Additional Executive Director effective Oct 31, 2025.
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Outcome For The Quarter Ended September 30, 2025
30 Oct - Board approved Q2 (Sep 30, 2025) unaudited results: revenue ₹81,081L, PAT ₹14,365L; limited review.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Oct - Q2 (Sep 30, 2025): Sales ₹811 crore (+4%); PAT ₹144 crore (+8%).
-
Announcement under Regulation 30 (LODR)-Resignation of Director
30 Oct - P.M. Srinivas resigned as Director effective Oct 30, 2025; Rohini Venkateswaran appointed Additional Executive Director effective Oct 31, 2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
30 Oct - Executive Director P.M. Srinivas resigned Oct 30, 2025; Rohini Venkateswaran appointed Executive Director from Oct 31, 2025 for five years.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Jun 2025Transcript PPT
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Sep 2024Transcript PPT
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Sep 2023Transcript PPT
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May 2023TranscriptNotesPPT
Portfolio of well known Brands[1]
Gillette, Venus, Braun, Oral B