Large cap FMCG giant Gillette India Ltd on January 30, 2024 declared a surge of 39.6% in its Q2 profit amid rise in demand and introduction of various premium products. Gillette India gained fame for its Oral B toothbrushes and shaving razors. Gillette India also declared an interim dividend of Rs 85 on the same day for the FY 2023-24. Last trading price of Gillette India shares on BSE is Rs 6567.75 per share with intraday dip of 0.31%. Gillette India shares rallied 33% in last 1-year. Gillette India shares will trade ex-dividend on February 8, 2024. Check details below: Gillette India Shares To Go Dividend: The company as per its BSE filing dated January 30, 2024, “In line with the strong performance, the company has announced an interim dividend of Rs 85 per equity share for the financial year 2023-24. This interim dividend includes a onetime special dividend of Rs 40 per equity share to commemorate 40 years of serving consumers, customers, shareholders, employees, and society.” Gillette India Ltd Q3: The zero debt FMCG company announced its profit at Rs 104 crore for the quarter ended December 31, 2023 as against Rs 74.45 crore in the similar quarter of last year. In a challenging operating atmosphere, Gillette India declared a balanced growth during the quarter with sales of Rs 639 crore, up 3% vs year ago. Domestic sales surged 6% vs year ago, pushed by a robust portfolio, superior retail execution and strong brand fundamentals. LV Vaidyanathan, Managing Director, Gillette India Ltd. shared, “For 7 consecutive quarters now, we have delivered a balanced top-line and bottom-line growth. Our teams’ execution of our integrated growth strategy has enabled us to build and sustain strong momentum. We stay committed to our strategies of a focused product portfolio of daily use categories where performance drives brand choice, superiority – across product performance, packaging, brand communication, retail execution and consumer and customer value – productivity, constructive disruption, and an agile and accountable organization.”
New Delhi: The country’s largest lender SBI on Saturday reported a 35 per cent fall in standalone net profit to Rs 9,164 crore for the December quarter.
State Bank of India (SBI) had earned a net profit of Rs 14,205 crore in the year-ago period.
The bank’s total income rose to Rs 1,18,193 crore in the third quarter of the ongoing fiscal as against Rs 98,084 crore in the same period a year ago, the bank said in a regulatory filing.
During the quarter, the bank earned interest income of Rs 1,06,734 crore as against Rs 86,616 crore in the same period a year ago.
The bank’s gross Non-Performing Assets (NPA) of the total advances declined to 2.42 per cent at December-end from 3.14 per cent at the end of the third quarter of last year.
Similarly, net Non-Performing Assets (NPAs) also eased to 0.64 per cent against 0.77 per cent at the end of the same period a year ago.
On a consolidated basis, SBI Group’s net profit slipped 29 per cent to Rs 11,064 crore as against Rs 15,477 crore in the same quarter a year ago.
However, total income increased to Rs 1,53,072 crore as compared to Rs 1,27,219 crore in the first quarter of the previous fiscal.
During the quarter under review, the bank acquired the entire 20 per cent stake held by SBI Capital Markets Ltd (SBICAPS) in SBI Pension Funds Pvt Ltd.
With this, the bank’s stake in SBI Pension Funds Pvt Ltd has increased from 60 per cent to 80 per cent, it said, adding that the consideration paid for the transaction is Rs 229.52 crore.
