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 65.0%
Weaknesses
1- Stock is trading at 26.4 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Gillette India Ltd operates as a near debt-free consumer goods company with a market cap of ₹25,167 Cr, trading at a PE of 37.4x and PB of 26.4x. The company has delivered 23% CAGR profit growth over 5 years with a 3-year ROE of 49%, but the stock has declined 28% over the past year.
- Exceptional return on equity with 3-year average ROE of 49% and last year ROE of 66%, indicating highly efficient capital deployment
- Strong profit growth at 23% CAGR over 5 years and 31% CAGR over 3 years, significantly outpacing sales growth
- Company is virtually debt-free, providing financial flexibility and resilience during economic downturns
- Healthy dividend payout ratio of 65% with a current dividend yield of 3.13%, attractive for income-oriented investors in the consumer goods space
- Compounded sales growth of 13% over 5 years and 11% over 3 years demonstrates consistent top-line expansion
- TTM profit growth of 19% shows continued earnings momentum even on a high base after years of strong compounding
- 10-year profit CAGR of 14% shows long-term structural earnings growth well above inflation
- Backed by Procter & Gamble's global brand portfolio, R&D capabilities, and distribution expertise in the grooming category
- Stock trades at 26.4x book value, an extreme premium that leaves very little margin of safety for investors
- Stock has declined 28% over the past 1 year, indicating significant de-rating or loss of market confidence
- PE ratio of 37.4x is elevated for a company growing sales at only 8% TTM, implying a PEG well above 1
- 10-year stock CAGR of only 5% despite 14% profit CAGR suggests persistent valuation compression over the long term
- Sales growth has decelerated from 13% (5-year CAGR) to 8% on a TTM basis, signaling potential top-line slowdown
- Limited diversification as the company operates primarily in the grooming and oral care categories within India
- 5-year stock CAGR of just 6% has significantly underperformed broader Indian equity indices over the same period
- As a subsidiary of a multinational parent, minority shareholders have limited influence on capital allocation and dividend policy decisions
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- New executive director appointed Jul 30
Robin Thadathil appointed as Additional (Executive) Director effective August 01, 2026, bringing 16+ years of global HR experience at P&G to strengthen leadership bench.
TL;DR: Gillette India is reinforcing its leadership team with an experienced P&G insider, signaling continuity in management strategy. No negative developments in the current news cycle. With limited news flow, the near-term outlook remains steady, dependent on broader FMCG demand trends.
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 9m | 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 | 943 | 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 | 28 | 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% | 30% | — |
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]