NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
After a disappointing low single digit top-line growth in Q2 FY24, Gillette India Ltd. Q3 FY24 reported sales momentum back in double digits with the grooming segment growing at 13.5% YoY (with market share gain as indicated in the press release).
Five year compound annual growth rate top-line growth was healthy at ~8%.
With 10% YoY top-line growth, 20% YoY Ebitda growth and 16% YoY profit before tax growth, operating performance was largely in line.
Low tax rate for base quarter (16.4%) and unusually high tax rates in Q3 FY24, led to a miss on profit after tax, but these were on account of one offs.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
RECOMMENDED FOR YOU
GST 2.0 — Auto Sector Gets A Festive Season Booster With Rate Cuts; Maruti Suzuki, M&M Among Top Beneficiaries
Sep 04, 2025
Additional US Tariffs Expected To Be 'Short-Lived’, India Responding Cautiously: CEA
Aug 29, 2025
SEBI Discloses Search Action On A Top Mumbai Finfluencer
Aug 21, 2025
HUL Q1 Results Review: Systematix Maintains 'Hold', Hikes Target Price — Here's Why
Aug 01, 2025
POPULAR