Gillette India Ltd
Gillette India Ltd
Consumer GoodsKey Fundamentals
SmallcapPersonal CareConsumer GoodsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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35 extracted metrics + investor summaries across FY17–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
5- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 23.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 49.0%
- Company has been maintaining a healthy dividend payout of 94.9%
Weaknesses
1- Stock is trading at 26.1 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Gillette India Ltd is a debt-free consumer goods company with a market cap of Rs 24,810 Cr, trading at a PE of 37x and PB of 26.1x. The company has delivered 23% CAGR profit growth over 5 years with a 3-year ROE of 49%, but its stock has declined 28% over the past year despite continued operational growth.
- Exceptional return on equity with 3-year average ROE of 49% and last year ROE of 67%, indicating highly efficient capital deployment
- Strong profit compounding at 23% CAGR over 5 years and 31% CAGR over 3 years, significantly outpacing sales growth
- Virtually debt-free balance sheet providing financial resilience and flexibility for future investments
- Healthy dividend payout ratio of 94.9% with a current dividend yield of 3.16%, attractive for income-oriented investors in the consumer goods space
- Consistent sales growth with 11% CAGR over 3 years and 13% CAGR over 5 years, reflecting demand resilience
- TTM profit growth of 19% demonstrates continued earnings momentum even on a higher base
- 10-year profit CAGR of 14% shows long-term structural earnings growth through multiple economic cycles
- Backed by Procter & Gamble parentage providing global brand strength, R&D access, and product innovation pipeline
- Stock trading at 26.1x book value is extremely expensive, leaving little margin of safety for investors
- Stock price has declined 28% over the past 1 year, indicating significant de-rating by the market despite earnings growth
- PE ratio of 37x is elevated for a company delivering only 8% TTM sales growth, suggesting stretched valuations relative to top-line momentum
- 10-year stock CAGR of only 5% despite 14% profit CAGR over the same period suggests persistent valuation compression over long horizons
- TTM sales growth of 8% is decelerating from the 5-year CAGR of 13%, pointing to potential volume or pricing headwinds
- Limited diversification as a grooming-focused company in a niche consumer segment exposed to competitive disruption from D2C brands
- 5-year stock CAGR of just 5% versus 23% profit CAGR indicates the market has been unwilling to sustain premium multiples
- High payout ratio of 94.9% leaves minimal retained earnings for organic growth or acquisitions, constraining reinvestment capacity
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹60 dividend recommended for FY26 Aug 8
Gillette India's FY26 Annual Report recommends a ₹60 final dividend per share, signaling strong cash generation and shareholder returns.
- New executive director appointed Jul 30
Robin Thadathil appointed as Additional (Executive) Director effective August 1, 2026, bringing 16+ years of global HR experience at P&G to strengthen leadership.
- FY26 BRSR report filed Aug 8
Gillette India submitted its Business Responsibility & Sustainability Report for FY26, covering ESG metrics and governance disclosures for the period ended March 31, 2026.
TL;DR: Gillette India is delivering steady shareholder returns with a healthy ₹60 dividend and strengthening its leadership bench through experienced P&G talent. No visible headwinds in recent filings. The trend is stable with routine corporate governance actions suggesting business-as-usual confidence heading into FY27.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 619 | 668 | 639 | 681 | 645 | 782 | 686 | 767 | 707 | 811 | 790 | 792 | 783 |
| Expenses | 476 | 530 | 483 | 519 | 470 | 591 | 503 | 542 | 496 | 603 | 542 | 515 | 555 |
| Operating Profit | 144 | 138 | 157 | 161 | 176 | 190 | 183 | 226 | 210 | 208 | 248 | 277 | 228 |
| OPM % | 23% | 21% | 25% | 24% | 27% | 24% | 27% | 29% | 30% | 26% | 31% | 35% | 29% |
| Other Income | 5 | 9 | 7 | 6 | 5 | 7 | 9 | 12 | 7 | 9 | 8 | 5 | 5 |
| Interest | 3 | 1 | 4 | 4 | 4 | 1 | 4 | 3 | 1 | 4 | 4 | 3 | 1 |
| Depreciation | 22 | 20 | 21 | 21 | 21 | 19 | 21 | 25 | 20 | 20 | 19 | 19 | 18 |
| PBT | 124 | 125 | 139 | 143 | 155 | 177 | 167 | 210 | 195 | 193 | 232 | 260 | 214 |
| Tax % | 26% | 26% | 25% | 31% | 25% | 25% | 25% | 24% | 25% | 25% | 26% | 26% | 26% |
| Net Profit | 92 | 93 | 104 | 99 | 116 | 133 | 126 | 159 | 146 | 144 | 172 | 193 | 159 |
| EPS in Rs | 28.16 | 28.45 | 31.9 | 30.41 | 35.59 | 40.82 | 38.66 | 48.7 | 44.71 | 44.08 | 52.93 | 59.08 | 48.93 |
Profit & Loss
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,875 | 1,755 | 1,733 | 1,677 | 1,862 | 1,679 | 1,982 | 2,256 | 2,477 | 2,633 | 2,235 | 3,100 | 3,176 |
| Expenses | 1,684 | 1,448 | 1,348 | 1,290 | 1,478 | 1,319 | 1,522 | 1,773 | 1,937 | 1,995 | 1,635 | 2,156 | 2,215 |
| Operating Profit | 191 | 306 | 385 | 387 | 384 | 360 | 460 | 483 | 540 | 638 | 600 | 944 | 961 |
| OPM % | 10% | 17% | 22% | 23% | 21% | 21% | 23% | 21% | 22% | 24% | 27% | 30% | 30% |
| Other Income | 68 | 50 | 34 | 8 | 11 | 11 | 32 | 7 | 22 | 20 | 27 | 27 | 26 |
| Interest | 5 | 6 | 7 | 7 | 8 | 5 | 5 | 11 | 8 | 13 | 9 | 12 | 12 |
| Depreciation | 39 | 30 | 38 | 42 | 48 | 51 | 58 | 68 | 81 | 83 | 64 | 79 | 76 |
| PBT | 215 | 320 | 374 | 345 | 339 | 314 | 429 | 411 | 473 | 562 | 554 | 880 | 899 |
| Tax % | 26% | 33% | 32% | 34% | 25% | 27% | 28% | 30% | 25% | 27% | 25% | 26% | — |
| Net Profit | 158 | 214 | 253 | 229 | 253 | 230 | 310 | 289 | 356 | 412 | 418 | 654 | 668 |
| EPS in Rs | 48.53 | 65.73 | 77.67 | 70.29 | 77.62 | 70.64 | 95.25 | 88.79 | 109 | 126 | 128 | 201 | 205 |
| Div. Payout % | 31% | 60% | 211% | 33% | 57% | 69% | 125% | 78% | 78% | 103% | 87% | 120% | — |
Balance Sheet
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 710 | 904 | 468 | 662 | 746 | 879 | 756 | 829 | 956 | 939 | 991 | 914 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 468 | 488 | 498 | 515 | 432 | 441 | 606 | 758 | 927 | 859 | 895 | 925 |
| Total Liabilities | 1,210 | 1,424 | 998 | 1,209 | 1,210 | 1,352 | 1,395 | 1,619 | 1,916 | 1,831 | 1,918 | 1,871 |
| Fixed Assets | 156 | 178 | 214 | 264 | 300 | 296 | 310 | 363 | 389 | 347 | 342 | 304 |
| CWIP | 63 | 88 | 63 | 40 | 25 | 21 | 72 | 65 | 32 | 26 | 17 | 33 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 991 | 1,158 | 721 | 904 | 886 | 1,034 | 1,013 | 1,191 | 1,494 | 1,458 | 1,558 | 1,534 |
| Total Assets | 1,210 | 1,424 | 998 | 1,209 | 1,210 | 1,352 | 1,395 | 1,619 | 1,916 | 1,831 | 1,918 | 1,871 |
Cash Flow
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 172 | 279 | 248 | 237 | 134 | 225 | 443 | 462 | 463 | 509 | 328 | 607 |
| Investing | -103 | 155 | 14 | -77 | -65 | -29 | -79 | -112 | -67 | -49 | -27 | -16 |
| Financing | -58 | -79 | -684 | -39 | -165 | -105 | -430 | -225 | -231 | -440 | -358 | -740 |
| Net Cash Flow | 12 | 356 | -422 | 121 | -95 | 91 | -66 | 125 | 164 | 20 | -58 | -149 |
| Free Cash Flow | 116 | 213 | 190 | 156 | 59 | 190 | 353 | 345 | 384 | 442 | 284 | 564 |
| CFO/OP | 132 | 137 | 102 | 87 | 73 | 85 | 121 | 121 | 109 | 103 | 81 | 89 |
Ratios
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 23 | 27 | 38 | 36 | 41 | 36 | 43 | 47 | 38 | 62 | 47 |
| Inventory Days | 87 | 104 | 103 | 105 | 104 | 136 | 152 | 130 | 127 | 131 | 181 | 167 |
| Days Payable | 116 | 137 | 150 | 173 | 126 | 138 | 169 | 193 | 209 | 212 | 260 | 215 |
| Cash Conversion Cycle | -6 | -10 | -19 | -30 | 15 | 40 | 19 | -20 | -35 | -43 | -17 | -1 |
| Working Capital Days | 49 | -10 | -17 | -18 | 15 | 35 | 14 | 0 | -4 | -7 | 13 | 21 |
| ROCE % | 35% | 39% | 54% | 60% | 48% | 38% | 51% | 51% | 52% | 59% | 56% | 91% |
Documents
Frequently Asked Questions about Gillette India Ltd
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Company Information
Gillette India Limited is engaged in the manufacturing and selling of packaged fast moving consumer goods under its various brands in the grooming and oral care segment. Gillette sells razors and blades, shaving gel, shaving cream, and after shave through various modes like drug stores, departmental stores, grocery stores, mass merchandisers, membership club stores. [1]