Gillette India profit rises 9.5% in June quarter, but margin compression weighs on shares
Gillette India reported 10.8% year-on-year revenue growth to Rs 783 crore and net profit of Rs 160 crore for the June quarter. EBITDA margin narrowed 60 basis points to 29.1%, while shares fell 1.8% intraday as investors assessed cost pressure.
Gillette India reported June-quarter revenue growth of 10.8% and net-profit growth of 9.5%, but EBITDA margin narrowed 60 basis points to 29.1%. Shares fell 1.8% intraday as investors weighed cost pressure against double-digit topline growth.