InvestorQ : How do you see Gillette’s latest results for the Jun-20 quarter?
vaishnavi mhatre made post

How do you see Gillette’s latest results for the Jun-20 quarter?

Answer
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vidhya Laxmi answered.
4 weeks ago


Like most FMCG and lifestyle product makers, Gillette also saw a sharp fall in sales revenues. However, the profit was muted due to better management of costs. In fact, Gillette just reported a minor 1.85% fall in its net profits at Rs.44.97 crore for the Jun-20 quarter.

It needs to be remembered that Gillette follows the July-June annual accounting cycle so this becomes the fourth quarter for Gillette. Total income of Gillette fell by 26% at Rs.352.74 crore in the Jun-20 quarter.

For the quarter, the management has confirmed that its operations were badly hit by the Coronavirus pandemic and that had apparently led to capacity shutdowns. However, the demand and output was gradually getting back to pre-COVID levels in August.

Despite the signs of revival, normal activity may take more time according to the company. There are still concerns over the lag effect of the virus, especially in terms of availability of labour. Most of the migrant labour that left the cities are yet to get back.