Gillette India Delivers: Debt-Free, Double Dividends Totaling Rs 85/Share
Explore the latest updates on Gillette India Share Company, a leading FMCG industry player. Discover the company’s strong financial position, its double dividend announcement, impressive third-quarter results, and previous return information
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Gillette India Share Company: A Double Bonanza for Investors
Gillette India Share Company, a leading player in the Fast-Moving Consumer Goods (FMCG) industry, has recently announced a double dividend, bringing a windfall for its investors. The company, renowned for its manufacturing prowess in blades, razors, and oral care products, has declared two dividends simultaneously, amounting to a total of Rs 85. This announcement, coupled with the declaration of the third quarter dividend, signifies a period of robust growth for the company.
A Snapshot of Gillette India Share Company
Gillette India Share Company is a titan in the FMCG sector, with a diverse product portfolio that includes razors, trimmer blades, fusion razors, MACH3 razor body razor, disposable razor, replacement blade trimmer, creams, gels, and skin care products. The company operates manufacturing plants in Bhiwandi, Rajasthan, and Himachal Pradesh, underscoring its expansive operational footprint.
Financial Strength and Stability
The company's current financial position is robust, with the promoters' holding recorded at 75%. The company is debt-free and has free cash of Rs 455.56 crore. Key financial indicators such as Return on Equity (ROE) at 39.13%, Return on Capital Employed (ROCE) at 51.96%, and Dividend Yield at 1.29% further attest to the company's financial health. The total market cap of the company stands at Rs 21,506.24 crore.
A Double Dividend Delight
In a move that has delighted investors, the company declared two dividends simultaneously in 2024. This follows the dividends of ₹ 35 per share and ₹ 50 per share given out in February and November 2023, respectively. The ex-date and record date for the latest dividends have been set as 8 February 2024. The first dividend, a special one, amounts to Rs 40, while the second interim dividend is Rs 45 per share.
Encouraging Third Quarter Results
The company's third-quarter results have shown promising growth, with a net profit of Rs 103.95 crore on net sales of Rs 639.46 crore. Compared to the net profit of Rs 74.45 crores on net sales of Rs 618.62 crore in December 2022, the company has achieved an annual profit growth of more than Rs 25 crores.
Past Returns Information
Over the years, Gillette India Share Company has provided steady returns to its investors. The company has given returns of 0.3% in the last 5 years, 5.6% returns in the last three years, 34% returns in the last 1 year, and 18% returns in the last 6 months. The profit growth of the company in the last 3 years has been recorded at 15.61%.
Disclaimer
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Keywords: Gillette India Share Company, FMCG, Manufacturing, Dividends, Third Quarter Results, Financial Position, Return Information, Investment, Stock Market, Gillette India Latest Share News