Gillette India posts higher Q1 profit on strong demand
"The company noted in a press statement that the expansion has been widespread, with signs of growth emerging in areas."
Demand from areas in India has been increasing steadily in recent quarters due in part to a rise, in government expenditure.
During the quarter the grooming segments revenue grew by 23% reaching 6.49 billion rupees and making up 83 % of Gillette Indias total revenue.
Nevertheless the company has also been spending a lot on advertising.
Its spending, on advertising and promotion increased by 11% leading to an expense growth of 11% reaching 6,120 million rupees.
In the few weeks ago Procter & Gamble Co revealed an unexpected decline in sales for the quarter due to cost conscious shoppers in key markets like the United States and China opting for more affordable options, in health and family care items.
Gillette Indias stock saw a 3,7 % increase, before the announcement. Has risen by approximately 32 % since the beginning of the year.
The report was compiled by Ashna Teresa Britto, in Bengaluru with edits made by Eileen Soreng.
Shandor Brenner is an American journalist recognized for his sharp and insightful reporting on social and political issues. His work is known for its depth, integrity, and the ability to highlight critical societal concerns.
