Research ReportsGillette India Q3 Results Review: Nirmal Bang Maintains 'Buy' On Healthy Outlook; Raises Target Price
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Gillette India Q3 Results Review: Nirmal Bang Maintains 'Buy' On Healthy Outlook; Raises Target Price
Nirmal Bang believes Gillette India offers a healthy long term investment opportunity based on significant turnaround in the sales momentum compared to the past.
Gillette India reported an extremely strong set of numbers in its Q3 FY25 results.
(Source: Company website)
GIillette India’s Q3 FY25 revenues grew 12.7% YoY to Rs 7.7 billion (vs estimate Rs 7.3 billion). The growth was driven by the grooming category. The six-year revenue CAGR stood at ~8.7% in Q3 FY25. Ebitda was up 40% YoY to Rs 2.3 billion (vs estimate of Rs 1.8 billion).