GILLETTE - Gillette India
📢 Recent Corporate Announcements
Gillette India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that all securities received for dematerialization during the period from January 1, 2026, to March 31, 2026, were processed within the mandated 15-day timeframe. The company's Registrar and Transfer Agent, MAS Services Limited, has verified that physical certificates were mutilated and cancelled after the electronic credit of shares. This is a standard administrative disclosure ensuring the integrity of the company's shareholding records.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Dematerialization requests were accepted or rejected within the 15-day statutory limit.
- Registrar and Transfer Agent (RTA) MAS Services Limited confirmed the updates to the Register of Members.
- Physical security certificates were duly mutilated and cancelled after verification.
Gillette India Limited has informed the stock exchanges that its trading window for dealing in company securities will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the upcoming financial results. The window will remain closed until 48 hours after the publication of the audited financial statements for the quarter and financial year ending March 31, 2026. This is a standard regulatory procedure for listed companies in India.
- Trading window closure effective from April 1, 2026
- Closure relates to the audited financial results for the quarter and year ending March 31, 2026
- Restriction applies to all Designated Persons and their immediate relatives
- Window to reopen 48 hours after the official announcement of financial results
Gillette India Limited has received official approval from the Rajasthan State Pollution Control Board (RSPCB) for the renewal of its Consent to Operate (CTO). This approval pertains to the company's key manufacturing facility located in Bhiwadi. The update follows a previous disclosure on March 18, 2026, regarding the pending application. This regulatory clearance ensures that production at the facility can continue without any environmental compliance-related interruptions.
- Rajasthan State Pollution Control Board (RSPCB) granted the CTO renewal on March 19, 2026
- The approval covers the company's primary manufacturing facility situated in Bhiwadi
- The renewal follows a prompt update to the stock exchanges within 24 hours of the previous status report
- Ensures operational continuity and adherence to environmental regulatory frameworks
Gillette India Limited has provided an update regarding the Consent to Operate (CTO) for its manufacturing facility located in Bhiwadi, Rajasthan. Following the initial refusal of renewal reported on March 15, 2026, the company has now submitted a fresh application to the Rajasthan State Pollution Control Board (RSPCB). This application covers both the CTO and the renewal of authorization under Hazardous Waste Rules, 2016. Importantly, the company has confirmed that there has been no impact on ongoing manufacturing operations during this regulatory process.
- Fresh application submitted for Consent to Operate (CTO) for the Bhiwadi manufacturing unit.
- Application includes renewal of authorization under Hazardous Waste (Management and Transboundary) Rules, 2016.
- Company confirms zero impact on ongoing plant operations despite the previous refusal of renewal.
- The Rajasthan State Pollution Control Board (RSPCB) is currently processing the new applications.
- Follow-up to the March 15, 2026, disclosure regarding regulatory hurdles at the facility.
Gillette India Limited has announced a leadership transition in its Human Resources department. Mr. Srinivas Maruthi Patnam will resign as the Head of HR effective March 31, 2026, to pursue other interests. He will be succeeded by Mr. Robin Thadathil, who brings over 16 years of experience within the P&G group across global markets. This transition appears to be a planned succession within the P&G ecosystem, ensuring continuity in management.
- Mr. Robin Thadathil appointed as Head of Human Resources effective April 1, 2026
- Outgoing HR Head Mr. Srinivas Maruthi Patnam to depart on March 31, 2026
- Incoming leader Mr. Thadathil has 16+ years of experience at P&G across Singapore, US, and SE Asia
- Mr. Thadathil previously led HR for P&G's Malaysia, Singapore, and Vietnam business units
Gillette India Limited has announced a transition in its senior management team with the resignation of Mr. Srinivas Maruthi Patnam, the Head of Human Resources, effective March 31, 2026. To fill the vacancy, the company has appointed Mr. Robin Thadathil as the new Head of HR starting April 1, 2026. Mr. Thadathil is a P&G veteran with over 16 years of experience across various global markets including Singapore, the US, and Southeast Asia. This transition appears to be a planned succession within the P&G group ecosystem.
- Mr. Srinivas Maruthi Patnam to resign as Head of HR effective March 31, 2026, to pursue other interests.
- Mr. Robin Thadathil appointed as the new Head of HR effective April 1, 2026.
- Incoming executive Robin Thadathil brings 16+ years of experience within P&G HR functions globally.
- Thadathil previously led HR for P&G's Malaysia, Singapore, and Vietnam businesses.
- The change is part of routine senior management rotation within the P&G group structure.
Gillette India Limited has received a refusal from the Rajasthan State Pollution Control Board (RSPCB) regarding the renewal of Consent to Operate (CTO) for its Bhiwadi manufacturing facility. The board also refused to renew the authorization under Hazardous Waste Rules as per the communication dated February 18, 2026. The company is currently evaluating legal remedies and engaging with the RSPCB to resolve these regulatory hurdles. This development poses a potential risk to the operational continuity of one of the company's key manufacturing sites.
- RSPCB refused the renewal of Consent to Operate (CTO) for the Bhiwadi manufacturing unit
- Refusal of authorization under Hazardous Waste (Management & Transboundary movement) Rules
- Communication from RSPCB was dated February 18, 2026, and disclosed by the company on March 15, 2026
- Company is actively exploring legal remedies and engaging with regulatory authorities to address the refusal
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.
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.