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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹25296 Cr.
Stock P/E
61.4
P/B
26.7
Current Price
₹7763
Book Value
₹ 290.4
Face Value
10
52W High
₹11505
52W Low
₹ 7236.2
Dividend Yield
3.09%

Gillette India Overview

Business

Gillette India Ltd. is a subsidiary of Procter & Gamble (P&G), a global consumer goods major. The company is primarily engaged in the manufacturing and marketing of consumer products in two main categories: grooming (shaving products) and oral care. Its core business model revolves around selling high-quality branded personal care products through an extensive retail distribution network across India, including general trade, modern trade, and e-commerce platforms, thereby generating revenue from product sales to consumers.

Revenue Mix

Gillette India operates principally in two product categories:

Grooming: This segment includes razors, blades, shaving creams, foams, gels, and aftershaves under the Gillette brand. This is historically its flagship and dominant segment.

Oral Care: This segment includes toothbrushes and oral hygiene products, primarily under the Oral-B brand (though P&G manages Oral-B globally, Gillette India has historically been involved in its distribution in India).

While specific revenue contributions are not publicly detailed by the company, grooming products are widely considered to be the primary revenue driver, given the company's brand heritage.

Industry

Gillette India operates within the highly competitive Fast-Moving Consumer Goods (FMCG) sector, specifically in Household & Personal Products. The Indian personal care market is characterized by a mix of organized and unorganized players, intense competition, and a strong presence of both domestic and multinational corporations. Gillette India holds a strong, often leadership, position in the men's grooming (shaving) category due to its iconic brand and established market presence. In oral care, it competes with major players like Colgate-Palmolive (India), Hindustan Unilever, and other local brands, where it holds a comparatively smaller but significant position.

MOAT

Brand Strength: Gillette is a globally recognized, premium brand synonymous with shaving, enjoying high consumer trust and loyalty.

Innovation & R&D: Access to P&G's extensive global research and development capabilities allows for continuous product innovation and technological advancements in shaving systems.

Distribution Network: Leverages P&G's deep and wide distribution network across urban, semi-urban, and rural India, ensuring broad product availability.

Scale: Benefits from the vast manufacturing and procurement scale of its parent company, P&G, offering cost efficiencies.

Growth Drivers

Premiumization: Shifting consumers towards higher-value, multi-blade razors and advanced grooming solutions.

Market Penetration: Expanding reach into underserved semi-urban and rural markets in India.

E-commerce & Digital Channels: Capitalizing on the rapid growth of online retail to reach a wider consumer base.

Demographic Trends: A large and young population entering the shaving age bracket.

Product Innovation: Introduction of new products and upgrades to existing lines in both grooming and oral care segments.

Risks

Intense Competition: Aggressive competition from both established domestic and international players, as well as new direct-to-consumer (D2C) brands offering subscription models or lower-cost alternatives.

Raw Material Price Volatility: Fluctuations in prices of key raw materials like plastics, steel, and packaging materials can impact margins.

Changing Consumer Preferences: Potential shift away from traditional wet shaving towards electric shavers or simpler grooming routines, and increased price sensitivity.

Counterfeiting: Risk of counterfeit products impacting brand reputation and sales.

Regulatory and Taxation Changes: Any changes in government policies, tariffs, or taxation can affect profitability and operations.

Management & Ownership

Gillette India Ltd. is majority-owned by Procter & Gamble (P&G), making P&G the promoter of the company. The management team typically comprises experienced professionals, often with a background in P&G's global operations, ensuring alignment with international best practices in corporate governance and strategic execution. The strong ownership by a global FMCG giant implies robust oversight and access to global resources and expertise.

Outlook

Gillette India holds a strong market position, especially in the grooming segment, backed by an iconic brand and P&G's global innovation and distribution prowess. The company is poised to benefit from premiumization trends and expanding consumer base in India. However, the market remains highly competitive, with increasing pressure from aggressive local players and new D2C models. Maintaining market share and driving profitable growth will depend on its ability to innovate continuously, adapt to evolving consumer preferences, and effectively manage competition, while also navigating potential raw material cost pressures and economic fluctuations.

Gillette India Share Price

Live · BSE / NSE · Inception: 1984
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Gillette India Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 639 681 645 782 686 767 707 811 790 792
Other Income 7 6 5 7 9 12 7 9 8 5
Total Income 647 686 650 789 695 779 713 820 798 797
Total Expenditure 483 519 470 591 503 542 496 603 542 515
Operating Profit 164 167 180 198 192 238 217 216 255 282
Interest 4 4 4 1 4 3 1 4 4 3
Depreciation 21 21 21 19 21 25 20 20 19 19
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 139 143 155 177 167 210 195 193 232 260
Provision for Tax 35 44 39 44 41 51 50 49 60 68
Profit After Tax 104 99 116 133 126 159 146 144 172 193
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 104 99 116 133 126 159 146 144 172 193
Adjusted Earnings Per Share 31.9 30.4 35.6 40.8 38.7 48.7 44.7 44.1 52.9 59.1

Gillette India Profit & Loss

#(Fig in Cr.) Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Mar 2025 TTM
Net Sales 1875 1755 1734 1677 1862 1679 2009 2256 2477 2633 2235 3100
Other Income 40 36 38 13 16 11 33 9 24 26 28 29
Total Income 1915 1791 1772 1690 1878 1690 2042 2265 2501 2659 2263 3128
Total Expenditure 1715 1450 1352 1295 1483 1320 1550 1775 1940 2002 1636 2156
Operating Profit 200 341 419 394 395 370 492 490 561 658 627 970
Interest 5 6 7 7 8 5 5 11 8 13 9 12
Depreciation 39 30 38 42 48 51 58 68 81 83 64 78
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 156 306 374 345 339 314 429 411 473 562 554 880
Provision for Tax 57 106 121 116 86 84 119 122 117 151 136 227
Profit After Tax 100 199 253 229 253 230 310 289 356 412 418 655
Adjustments 59 15 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 158 214 253 229 253 230 310 289 356 412 418 655
Adjusted Earnings Per Share 30.5 61.1 77.7 70.3 77.6 70.6 95.2 88.8 109.1 126.3 128.2 200.8

Gillette India Balance Sheet

#(Fig in Cr.) Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Mar 2025
Shareholder's Funds 742 937 501 694 778 911 789 861 989 971 1023
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -5 -11 15 19 19 39 51 50 63 47 48
Total Current Liabilities 465 484 464 479 381 379 527 674 818 759 782
Total Liabilities 1202 1409 979 1193 1178 1329 1367 1586 1870 1777 1853
Fixed Assets 156 178 214 264 300 296 310 363 389 347 342
Other Non-Current Assets 208 258 267 296 277 259 288 260 231 244 229
Total Current Assets 837 973 498 632 601 774 769 963 1250 1187 1282
Total Assets 1202 1409 979 1193 1178 1329 1367 1586 1870 1777 1853

Gillette India Cash Flow

#(Fig in Cr.) Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Mar 2025
Opening Cash & Cash Equivalents 169 181 536 114 235 140 231 164 289 453 473
Cash Flow from Operating Activities 172 279 248 237 134 225 443 462 463 509 328
Cash Flow from Investing Activities -103 155 14 -77 -65 -29 -79 -112 -67 -49 -27
Cash Flow from Financing Activities -58 -79 -684 -39 -165 -105 -430 -225 -231 -440 -358
Net Cash Inflow / Outflow 12 356 -422 121 -95 91 -66 125 164 20 -58
Closing Cash & Cash Equivalent 181 536 114 235 140 231 164 289 453 473 415

Gillette India Ratios

# Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Mar 2025
Earnings Per Share (Rs) 30.55 61.14 77.66 70.28 77.61 70.63 95.24 88.78 109.14 126.33 128.16
CEPS(Rs) 42.48 70.43 89.42 83.26 92.24 86.29 112.89 109.75 133.9 151.68 147.88
DPS(Rs) 15 39.52 164 23 44 49 119 69 85 130 112
Book NAV/Share(Rs) 227.78 286.79 152.69 211.82 237.3 277.47 239.32 260.29 297.6 291.11 308.95
Core EBITDA Margin(%) 8.46 17.21 21.33 22.75 20.33 21.38 22.88 17.95 17.97 19.69 21.88
EBIT Margin(%) 8.54 17.52 21.31 21 18.63 19.02 21.63 15.74 16.08 17.93 20.56
Pre Tax Margin(%) 8.3 17.21 20.93 20.55 18.21 18.7 21.37 15.34 15.82 17.54 20.25
PAT Margin (%) 5.28 11.22 14.15 13.66 13.59 13.71 15.45 10.79 11.9 12.84 15.26
Cash Profit Margin (%) 7.34 12.93 16.3 16.18 16.15 16.75 18.31 13.34 14.6 15.42 17.61
ROA(%) 8.82 15.26 21.19 21.09 21.34 18.36 23.02 19.59 20.58 22.57 23.01
ROE(%) 14.37 23.76 35.34 38.56 34.56 27.44 36.86 35.54 39.13 42.92 42.71
ROCE(%) 23.25 37.06 53.03 58.93 47.12 37.81 51.13 51.13 51.96 58.66 56.42
Receivable days 20.23 23.28 24.5 33.34 35.15 40.56 35.29 31.65 35.86 33.84 43.57
Inventory Days 41.82 45.85 47.65 45.99 42.56 56.33 59.11 50.38 47.98 46 56.63
Payable days 113.15 125.86 149.48 171.68 136.1 136.32 144.17 167.58 189.76 218.6 257.26
PER(x) 149.46 74.82 65.79 91.64 96.36 70.5 59.63 56.42 46.57 57.34 62.58
Price/Book(x) 20.04 15.95 33.46 30.41 31.52 17.94 23.73 19.24 17.08 24.88 25.96
Dividend Yield(%) 0.33 0.86 3.21 0.36 0.59 0.98 2.1 1.38 1.67 1.79 1.4
EV/Net Sales(x) 7.84 8.19 9.54 12.38 13.02 9.53 9.13 7.11 6.5 8.79 11.51
EV/Core EBITDA(x) 73.49 42.1 39.42 52.63 61.41 43.17 37.27 32.71 28.69 35.18 41.02
Net Sales Growth(%) 12.62 -6.38 -1.23 -3.27 11.02 -9.81 19.68 12.28 9.79 6.3 -15.12
EBIT Growth(%) 124.59 93.09 22.49 -7.61 -1.47 -7.92 36.1 -2.96 13.94 19.6 -2.12
PAT Growth(%) 119.81 100.16 27.01 -9.5 10.42 -8.99 34.84 -6.78 22.93 15.75 1.45
EPS Growth(%) 119.81 100.16 27.01 -9.49 10.42 -8.99 34.84 -6.78 22.93 15.75 1.45
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 1.8 2.01 1.07 1.32 1.58 2.04 1.46 1.43 1.53 1.56 1.64
Quick Ratio(x) 1.37 1.5 0.59 0.9 0.96 1.29 0.76 0.87 1.02 1.04 1.06
Interest Cover(x) 34.65 56.05 56.54 47.19 44.19 58.72 82.8 40.06 61.86 45.59 66.12
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -15% 0% +6% +2%
Operating Profit CAGR -5% +9% +11% +12%
PAT CAGR +1% +13% +13% +15%
Share Price CAGR -24% +20% +6% +5%
ROE Average +43% +42% +39% +34%
ROCE Average +56% +56% +54% +48%

Gillette India Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 75 %
FII 4.36 %
DII (MF + Insurance) 9.25 %
Public (retail) 25 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 75757575757575757575
FII 0.640.711.843.254.094.324.835.014.784.36
DII 11.2212.8212.0810.89.979.99.69.158.899.25
Public 25252525252525252525
Others 0000000000
Total 100100100100100100100100100100

Gillette India Peer Comparison

Household & Personal Products Edit Columns

Gillette India Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Gillette India Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 42%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 218.6 to 257.26days.
  • Stock is trading at 26.7 times its book value.
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