Gillette India's Net profit slumps by 54 per cent in Q2

Gillette India is an India-based FMCG company. The Company's business involve in three segments: Grooming, which includes blades, razors and toiletries; Portable Power, which include batteries, and Oral Care, which includes tooth brushes and oral care products.

Recently, Gillette India posted very disappointing Q2FY16 results, where the total income of the company decreased by 10.94 per cent to Rs 481.73 crore in Q2 against Rs 540.91 crore in Q1. The total expenditure of Gillette India reduced by 11.71 per cent to Rs 438 crore on sequential basis. The EBITDA slumped by 11.7 per cent to Rs 51.1 crore, EBITDA margin expanded by 86 basis points to 10.61 per cent Q-o-Q basis.

The profit before interest and taxes reduced by 2.43 per cent to Rs 43.7 crore, the other income of the company decreased by 85.81 per cent to Rs 10 crore on sequential basis. The tax expenses reduced by 53 peer cent to Rs 20 crore Q-o-Q basis. The net profit of Gillette India slummed by 54.29 per cent to Rs 33.29 crore in Q2FY16 compared to Rs 72.83 crore in Q1FY16.

The FII holdings of the company reduced by 9 basis points to 6.48 per cent, while the DII holdings of the company increased by 29 basis points as on 30th September 2015.

Today, Gillette India after announcing the disappointing results is trading at Rs 4701.5, down by 0.4 per cent on BSE.