GILLETTE - Gillette India
📢 Recent Corporate Announcements
Gillette India Limited has announced that Mr. Ghanashyam Hegde, the current Legal Head, will be moving to a regional leadership role within the P&G group. Effective July 1, 2026, he will take over as Vice President & Associate General Counsel for Market Operations across India, the Middle East, Turkey, and Africa. This transition is part of P&G's global talent management strategy and provides a significant lead time for the company to find a successor. The announcement was made on February 24, 2026, ensuring a smooth transition period of over four months.
- Mr. Ghanashyam Hegde to vacate the Legal Head position at Gillette India.
- New regional role covers India, Middle East, Turkey, and Africa (IMETA) markets.
- Transition is scheduled to take effect from July 1, 2026.
- The move reflects standard internal talent rotation within the P&G ecosystem.
Gillette India Limited has declared a substantial interim dividend of ₹180 per equity share for the financial year 2025-26. This payout consists of a regular interim dividend and a one-time special dividend of ₹60 per share. The record date to determine eligibility for this payment is February 04, 2026. The company has also issued detailed guidelines regarding Tax Deduction at Source (TDS) for various categories of resident and non-resident shareholders.
- Total interim dividend declared is ₹180 per equity share of face value ₹10 each
- Dividend includes a one-time special dividend of ₹60 per equity share
- Record date for the dividend payment is fixed as February 04, 2026
- Standard TDS of 10% applies for resident shareholders with valid PAN; 20% for those without
- Tax-related documents and declarations must be submitted to the RTA by February 1, 2026
Gillette India Limited reported a robust performance for the quarter ended December 31, 2025, with sales reaching ₹790 crore, a 15% increase year-on-year. Profit After Tax (PAT) grew significantly by 37% to ₹172 crore, driven by double-digit topline growth and a favorable product price-mix. The company also announced a substantial interim dividend of ₹180 per equity share, which includes a one-time special dividend of ₹60. This strong financial result underscores the effectiveness of the company's integrated growth strategy and focus on product superiority.
- Sales for the quarter grew 15% year-on-year to ₹790 crore.
- Profit After Tax (PAT) increased by 37% year-on-year to ₹172 crore.
- Declared an interim dividend of ₹180 per share, including a ₹60 special dividend.
- Growth was primarily driven by a strategic portfolio and favorable product price-mix.
- Management emphasized a strategy of superiority, productivity, and constructive disruption.
Gillette India Limited delivered a strong performance for the quarter ended December 31, 2025, with Profit After Tax (PAT) rising 36.9% YoY to ₹172.46 crore. Revenue from operations grew by 15.2% YoY to ₹790 crore, supported by robust growth in both Grooming and Oral Care segments. A significant highlight is the declaration of a ₹180 per share interim dividend, which includes a ₹60 special dividend. The company has fixed February 4, 2026, as the record date for this payout.
- Net Profit (PAT) increased by 36.9% YoY to ₹172.46 crore from ₹125.97 crore.
- Revenue from operations grew 15.2% YoY to ₹790 crore, driven by Grooming and Oral Care.
- Declared a total interim dividend of ₹180 per share, including a ₹60 one-time special dividend.
- Grooming segment revenue rose to ₹647.06 crore, while Oral Care revenue reached ₹142.94 crore.
- Earnings Per Share (EPS) for the quarter improved to ₹52.93 from ₹38.66 in the previous year.
Gillette India reported a robust performance for the quarter ended December 31, 2025, with net profit surging 36.9% YoY to ₹17,246 lakhs. Revenue from operations grew 15.2% YoY to ₹79,000 lakhs, supported by steady growth in both Grooming and Oral Care segments. A significant highlight is the declaration of a ₹180 per share interim dividend, which includes a ₹60 one-time special dividend. Profit margins improved as Profit Before Tax (PBT) rose to ₹23,214 lakhs from ₹16,714 lakhs in the year-ago period.
- Net Profit (PAT) increased by 36.9% YoY to ₹172.46 crore.
- Revenue from operations rose 15.2% YoY to ₹790 crore compared to ₹685.5 crore last year.
- Declared a total interim dividend of ₹180 per share, including a ₹60 special dividend, with a record date of Feb 4, 2026.
- Grooming segment revenue grew to ₹647 crore, while Oral Care revenue reached ₹143 crore.
- Earnings Per Share (EPS) rose significantly to ₹52.93 from ₹38.66 in the corresponding previous quarter.
Gillette India has announced a substantial interim dividend of ₹180 per share, which includes a one-time special dividend of ₹60. The company reported strong financial results for the quarter ended December 31, 2025, with revenue growing 15.2% YoY to ₹790 crore. Net profit for the quarter surged by 36.9% to ₹172.46 crore, driven primarily by robust performance in the Grooming segment. The record date for the dividend payout is set for February 4, 2026.
- Declared total interim dividend of ₹180 per equity share, including a ₹60 special dividend.
- Quarterly revenue from operations rose 15.2% YoY to ₹79,000 lakhs (₹790 crore).
- Net profit increased significantly to ₹17,246 lakhs (₹172.46 crore) from ₹12,597 lakhs YoY.
- Grooming segment profit before tax grew by 66% YoY to ₹20,710 lakhs.
- Dividend payment to be completed on or before February 26, 2026, with a record date of February 4, 2026.
Gillette India has announced a substantial interim dividend of ₹180 per share, which includes a one-time special dividend of ₹60. The company reported strong financial performance for the quarter ended December 31, 2025, with Net Profit rising 37% year-on-year to ₹172.46 crore. Revenue from operations grew by 15.2% to ₹790 crore, driven by robust growth in the Grooming segment. The record date for the dividend payout is fixed as February 4, 2026.
- Declared interim dividend of ₹180 per equity share, including a ₹60 special dividend
- Quarterly Net Profit increased 37% YoY to ₹172.46 crore from ₹125.97 crore
- Revenue from operations grew 15.2% YoY to ₹790 crore compared to ₹685.55 crore
- Grooming segment profit saw a significant jump to ₹207.10 crore from ₹124.48 crore YoY
- Record date for dividend eligibility is February 4, 2026, with payment by February 26, 2026
Gillette India reported a robust performance for the quarter ended December 31, 2025, with revenue growing 15.2% YoY to ₹790 crore. Net profit surged by 36.9% YoY to ₹172.46 crore, driven by strong growth in the Grooming and Oral Care segments. The company has declared a significant interim dividend of ₹180 per share, which includes a one-time special dividend of ₹60. Profitability margins improved significantly as Profit Before Tax (PBT) rose to ₹232 crore from ₹167 crore in the previous year's corresponding quarter.
- Revenue from operations increased 15.2% YoY to ₹79,000 lakhs.
- Net Profit (PAT) grew 36.9% YoY to ₹17,246 lakhs compared to ₹12,597 lakhs.
- Declared interim dividend of ₹180 per share, including a ₹60 special dividend, with a record date of February 4, 2026.
- Grooming segment revenue rose 13.4% YoY to ₹64,706 lakhs.
- Oral Care segment revenue grew 24.4% YoY to ₹14,294 lakhs.
Gillette India Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that all dematerialization requests received from October 1, 2025, to December 31, 2025, were processed within the mandatory 15-day timeframe. The company's Registrar and Transfer Agent, MAS Services Limited, verified that physical certificates were mutilated and the register of members was updated. This is a standard administrative disclosure required for all listed entities in India.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Dematerialization requests processed within the statutory 15-day limit by MAS Services Limited
- Physical security certificates were mutilated and cancelled after due verification
- Register of members updated to reflect Depositories as registered owners within prescribed timelines
Gillette India Limited has announced that its shareholders have officially approved the appointment of Ms. Rohini Venkateswaran as a Whole-time Director. The appointment is for a five-year term, effective retrospectively from October 31, 2025, through October 30, 2030. The approval was secured via a Postal Ballot and E-voting process that concluded on January 10, 2026. This move formalizes the leadership structure as previously proposed by the board in October 2025.
- Appointment of Ms. Rohini Venkateswaran as Whole-time Director for a 5-year tenure
- Effective date of appointment is October 31, 2025, following shareholder approval
- Shareholders approved the resolution via Postal Ballot/E-voting on January 10, 2026
- The announcement confirms the regulatory compliance and formalization of executive leadership
Gillette India Limited has announced the successful passage of a postal ballot resolution to appoint Ms. Rohini Venkateswaran as a Whole-time Director for a five-year term. The resolution received 96.36% support from the total valid votes cast, confirming her tenure effective from October 31, 2025. While promoters were 100% in favor, public institutional investors showed a notable 25.46% dissent against the appointment. This move formalizes the company's executive leadership structure for the upcoming five-year period.
- Ms. Rohini Venkateswaran appointed as Whole-time Director for a 5-year term starting October 31, 2025.
- Resolution passed with 2,74,91,628 votes in favor (96.36%) and 10,37,136 votes against (3.64%).
- Promoter and Promoter Group cast 2,44,37,803 votes, representing 100% support from the group.
- Public Institutional investors cast 10,36,252 votes against the resolution, representing 25.46% of their polled votes.
Mr. C. P. Gurnani has resigned from his position as a Non-Executive Independent Director of Gillette India Limited, effective January 6, 2026. The resignation is attributed to personal reasons and increasing professional commitments that prevent him from devoting the necessary time to his duties. The company has confirmed there are no other material reasons for his departure. Mr. Gurnani also holds significant board and committee positions at Mahindra Holidays & Resorts India Limited.
- Resignation of Independent Director Mr. C. P. Gurnani effective January 6, 2026
- Reason cited as personal reasons and increasing professional commitments
- Formal confirmation provided that no other material reasons exist for the resignation
- Mr. Gurnani continues to serve as Chairperson of the Stakeholders Relationship Committee at Mahindra Holidays & Resorts
Mr. C. P. Gurnani has resigned from his position as a Non-Executive Independent Director at Gillette India Limited, effective January 6, 2026. The resignation is attributed to personal reasons and increasing professional commitments, with the director confirming there are no other material reasons for his departure. Mr. Gurnani also holds a directorship and chairs two committees at Mahindra Holidays & Resorts India Limited. This transition is a routine board-level change and is not expected to impact the company's daily operations or strategic direction.
- Resignation of Mr. C. P. Gurnani as Non-Executive Independent Director effective January 6, 2026
- Departure cited due to personal reasons and increasing professional commitments
- Confirmation provided that no other material reasons exist for the resignation
- Mr. Gurnani continues to hold a directorship in one other listed entity, Mahindra Holidays & Resorts India Limited
Gillette India Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This action is a mandatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter ending December 31, 2025. This is a standard regulatory procedure and does not indicate any material change in the company's operations.
- Trading window closure effective from January 1, 2026.
- Closure is in preparation for the unaudited financial results for the quarter ending December 31, 2025.
- Applies to all Designated Persons and their immediate relatives as per SEBI regulations.
- Window will reopen 48 hours after the official publication of the quarterly results.
Gillette India Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Ms. Rohini Venkateswaran as a Whole-time Director. The proposed tenure is for five years, effective from October 31, 2025. The total annual remuneration package is capped at Rs. 5 Crores, which includes fixed salary, allowances, and performance-linked variable components. Shareholders can cast their votes electronically or via physical ballot between December 12, 2025, and January 10, 2026.
- Appointment of Ms. Rohini Venkateswaran as Whole-time Director for a 5-year term starting Oct 31, 2025.
- Total annual remuneration capped at Rs. 5 Crores, including fixed and variable components.
- Voting period for the ordinary resolution is scheduled from Dec 12, 2025, to Jan 10, 2026.
- Variable compensation is linked to critical business measures including sales growth, profit growth, and internal controls.
Financial Performance
Revenue Growth by Segment
The Grooming segment accounts for 83.41% of revenue, while Oral Care contributes 16.59%. For the 9-month period ending March 31, 2025, total sales reached INR 2,235 Cr, representing a 12% increase compared to the same period in the previous year. In the quarter ended September 30, 2025, sales were INR 811 Cr, up 4% YoY.
Geographic Revenue Split
Gillette India maintains a pan-India presence across 28 states and 8 Union Territories. Additionally, the company exported products to 15 countries during the 2024-25 financial year.
Profitability Margins
Operating profit margin improved to 25% in FY 2024-25 from 22% in FY 2023-24, a 15% relative increase. Net profit margin rose to 19% from 16% in the previous year, a 20% relative increase. PAT for the 9-month fiscal was INR 418 Cr, up 40% YoY.
EBITDA Margin
Operating profit margin stands at 25% for the 9-month period ending March 31, 2025, driven by productivity interventions and strong topline growth. PAT margin for the quarter ended September 30, 2025, was approximately 17.7% (INR 144 Cr on INR 811 Cr sales).
Capital Expenditure
Not disclosed in absolute INR Cr in the available documents.
Credit Rating & Borrowing
The company reported zero borrowings during the financial year, making interest coverage and debt-equity ratios not applicable. This indicates a highly liquid, debt-free balance sheet.
Operational Drivers
Raw Materials
Specific raw materials include components for shaving systems, cartridges, blades, toiletries, and toothbrushes. Exact percentage of total cost for each is not disclosed.
Import Sources
Not specifically disclosed, though the company operates two domestic plants in Rajasthan and Himachal Pradesh.
Capacity Expansion
The company operates 2 manufacturing plants located at Bhiwadi (Rajasthan) and Baddi (Himachal Pradesh). Specific capacity expansion figures in units or MT were not disclosed.
Raw Material Costs
Productivity interventions across the value chain are used to manage costs. While specific YoY cost changes for raw materials are not provided, productivity efforts contributed to an 8% PAT growth in the September 2025 quarter.
Manufacturing Efficiency
Manufacturing efficiency is driven by 'deliberate productivity interventions' to fuel portfolio superiority. Specific utilization percentages are not disclosed.
Strategic Growth
Expected Growth Rate
12%
Growth Strategy
Growth is pursued through an 'Integrated Growth Strategy' involving five pillars: a superior product portfolio, superiority in packaging and communication, productivity interventions, constructive disruption, and an agile organization. The company focuses on transitioning consumers from double-edged blades to premium systems like Mach 3 and Fusion 5.
Products & Services
Shaving systems, cartridges, blades, toiletries, shaving foams, toothbrushes, and oral care products.
Brand Portfolio
Gillette, Oral-B, Braun, Gillette Guard, Gillette Labs, Gillette Mach 3, Gillette Fusion, and Gillette Venus.
New Products/Services
Recent innovations include the revamped Gillette Fusion 5 packaging for 'Perfect Shave, Perfect Shape' and the elevation of the Mach 3 range with anti-friction blades and facial adaptive technology.
Market Expansion
Market expansion is targeted through pan-India retail execution and increasing household penetration. The company also exports to 15 international markets.
Market Share & Ranking
Gillette continues to lead and has strengthened its leadership in the Blades and Razors category in India.
Strategic Alliances
The company operates under a common service agreement with P&G group entities for compensation and services.
External Factors
Industry Trends
The industry is seeing a trend toward premiumization and personalization. Consumers are moving from traditional double-edged blades to high-tech shaving systems. Gillette is positioning itself by offering a range from affordable entry-level products to premium propositions like Gillette Labs.
Competitive Landscape
Gillette competes in the FMCG grooming and oral care sectors, maintaining leadership in blades and razors through brand choice driven by performance.
Competitive Moat
The moat is built on brand superiority and market leadership in the grooming segment. This is sustained through continuous innovation (e.g., anti-friction blades) and a robust distribution network of 20 depots across India.
Macro Economic Sensitivity
The business is sensitive to global economic conditions and international business factors as noted in their forward-looking cautionary statements.
Consumer Behavior
Shift toward personalized grooming and beard styling; the company has adapted by offering tools for both clean shaving and beard shaping.
Geopolitical Risks
The company acknowledges risks related to international business and global economic conditions that may cause results to differ materially.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act, 2013 and SEBI (LODR) Regulations. Related party transactions are reviewed by an independent Chartered Accountant firm to ensure arm's length compliance.
Environmental Compliance
The company operates zero-manufacturing-waste-to-landfill sites at Baddi and Bhiwadi, contributing to P&G's global sustainability ambitions.
Taxation Policy Impact
Not specifically disclosed, but the company follows Indian Accounting Standards (Ind AS).
Risk Analysis
Key Uncertainties
The change in the financial year (from July-June to April-March) creates non-comparable reporting periods. Global P&G market-level plans are yet to be developed, which may impact future local strategy.
Geographic Concentration Risk
While pan-India, the company relies on two specific manufacturing locations (Rajasthan and Himachal Pradesh) for its entire production output.
Third Party Dependencies
The company depends on P&G Group for certain common services and brand licensing, with a compensation cap of INR 5 Cr per annum for certain senior management roles.
Technology Obsolescence Risk
The company mitigates technology risk by continually advancing shaving technology, such as facial adaptive technology in razors.
Credit & Counterparty Risk
Trade payables turnover ratio was 1.50, and the company maintains a current ratio of 1.64, indicating healthy short-term liquidity.