Indian arm of P&G making and selling Gillette razors, Braun appliances and Oral-B oral-care products.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 783 | +10.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 29.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 159 | +8.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 67.78 | +25.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 18.19 | +5.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 7.95 | +32.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
3 of 6 judged targets kept · 2 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Profitability Growth vs Revenue Growth | aim to grow bottom-line ahead of topline in the foreseeable future | Q1 FY24 | PAT grew 23% vs Revenue growth of 8% for FY26. | Achieved |
| FMCG Category Volume Growth | mid-single digits over the next 5-7 years | Q1 FY24 | Specific overall FMCG volume growth figure not provided, though category value growth rates were discussed. | Ghosted |
| Category Growth | Ahead of industry average | Q4 FY25 | Reported 8% overall growth vs 12% male grooming category growth, but claimed underlying growth doubles to ~16% after excluding one-off export impacts. | On Track |
3 of Gillette India Limited's 8 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 5 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹9,224 on 24 Oct 2025 → ₹7,256.5. High ₹9,224 (24 Oct 2025), low ₹6,899 (1 Oct 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Gillette India Limited, incorporated in 1984 as Indian Shaving Products Limited and acquired by Procter & Gamble (P&G) in 2005, manufactures and sells branded packaged consumer goods across grooming and oral care. Its portfolio carries global brands Gillette, Braun and Oral-B, spanning manual and electric razors, female-grooming products (Venus), and manual and electric toothbrushes. The company runs two manufacturing plants, at Baddi (Himachal Pradesh) and Bhiwadi (Rajasthan), and draws on P&G's global research network for product innovation rather than maintaining separate in-house R&D.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
3 of 6 judged targets kept · 2 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Profitability Growth vs Revenue Growth | aim to grow bottom-line ahead of topline in the foreseeable future | Q1 FY24 | PAT grew 23% vs Revenue growth of 8% for FY26. | Achieved |
| FMCG Category Volume Growth | mid-single digits over the next 5-7 years | Q1 FY24 | Specific overall FMCG volume growth figure not provided, though category value growth rates were discussed. | Ghosted |
| Category Growth | Ahead of industry average | Q4 FY25 | Reported 8% overall growth vs 12% male grooming category growth, but claimed underlying growth doubles to ~16% after excluding one-off export impacts. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 8 tracked commitments, with each call’s wording and source.
Call summaries
Gillette India Q4 FY26
Gillette India reported strong FY26 results with 8% sales growth to ₹3100 crores and 23% PAT growth to ₹650 crores, driven by innovation and productivity. The company highlighted consistent 5-year growth and significant margin expansion. While facing external challenges like inflation and a one-time export revenue impact, new product launches are performing well, and the company remains confident in its integrated growth strategy.
Read the full callGillette India Q4 FY25
Gillette India delivered a strong performance in a transitional 9-month financial year, characterized by double-digit topline growth and significant margin expansion. The company successfully navigated a shift in its financial year-end to March 31, while leveraging its 'Integrated Growth Strategy' to gain market share in Grooming and Oral Care. Management highlighted a recovery in rural demand, though urban demand remains soft, and emphasized productivity as the primary engine for reinvestment in brand superiority.
Read the full callGillette India Q1 FY25
Gillette India delivered a strong performance for the fiscal year ended June 30, 2024, characterized by balanced top-line and bottom-line growth. The company successfully navigated a shifting male grooming landscape (the 'beard culture') by pivoting towards styling and premium tools like Gillette Labs. Despite competitive pressures in the entry-tier Oral Care segment, the company maintained its market leadership through productivity-led reinvestment in product superiority and digital-first distribution strategies.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Jun 2021 to Mar 2026).
Financials
Net profit, year on year: +9% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 782 | 686 | 767 | 707 | 811 | 790 | 792 | 783 |
| Expenses | 591 | 503 | 542 | 496 | 603 | 542 | 515 | 555 |
| Operating profit | 190 | 183 | 226 | 210 | 208 | 248 | 277 | 228 |
| Operating margin | 24.0% | 27.0% | 29.0% | 30.0% | 26.0% | 31.0% | 35.0% | 29.0% |
| Other income | 7 | 9 | 12 | 7 | 9 | 8 | 5 | 5 |
| Interest | 1 | 4 | 3 | 1 | 4 | 4 | 3 | 1 |
| Depreciation | 19 | 21 | 25 | 20 | 20 | 19 | 19 | 18 |
| Profit before tax | 177 | 167 | 210 | 195 | 193 | 232 | 260 | 214 |
| Tax rate | 25.0% | 25.0% | 24.0% | 25.0% | 25.0% | 26.0% | 26.0% | 26.0% |
| Net profit | 133 | 126 | 159 | 146 | 144 | 172 | 193 | 159 |
| EPS (₹ per share) | 40.82 | 38.66 | 48.70 | 44.71 | 44.08 | 52.93 | 59.08 | 48.93 |
| Line item | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|
| Sales | 2,477 | 2,633 | 2,942 | 3,176 |
| Expenses | 1,938 | 2,002 | 2,132 | 2,215 |
| Operating profit | 540 | 632 | 809 | 961 |
| Other income | 23 | 27 | 35 | 27 |
| Interest | 7 | 13 | 9 | 12 |
| Depreciation | 81 | 83 | 85 | 76 |
| Profit before tax | 473 | 562 | 749 | 899 |
| Net profit | 356 | 412 | 564 | 668 |
| Line item | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 829 | 956 | 939 | 991 | 1,130 | 914 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities | 758 | 927 | 859 | 895 | 987 | 925 |
| Total liabilities | 1,619 | 1,916 | 1,831 | 1,918 | 2,149 | 1,871 |
| Fixed assets | 363 | 389 | 347 | 342 | 322 | 304 |
| Capital work in progress | 65 | 32 | 26 | 17 | 31 | 33 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 1,191 | 1,494 | 1,458 | 1,558 | 1,797 | 1,534 |
| Total assets | 1,619 | 1,916 | 1,831 | 1,918 | 2,149 | 1,871 |
| Line item | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 443 | 462 | 463 | 509 | 328 | 607 |
| Cash from investing | -79 | -112 | -67 | -49 | -27 | -16 |
| Cash from financing | -430 | -225 | -231 | -440 | -358 | -740 |
| Net cash flow | -66 | 125 | 164 | 20 | -58 | -149 |
| Free cash flow | 353 | 345 | 384 | 442 | 284 | 564 |
| Line item | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 36 | 43 | 47 | 38 | 62 | 47 |
| Inventory days | 152 | 130 | 127 | 131 | 181 | 167 |
| Days payable | 169 | 193 | 209 | 212 | 260 | 215 |
| Cash conversion cycle | 19 | -20 | -35 | -43 | -17 | -1 |
| Working capital days | 14 | 0 | -4 | -7 | 13 | 21 |
| Return on capital employed | 51.0% | 51.0% | 52.0% | 59.0% | 56.0% | 91.0% |
| Dividend payout | 125.0% | 78.0% | 78.0% | 103.0% | 87.0% | 120.0% |
The businesses behind the company’s reported revenue.
Grooming contributes 80.3% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
₹628.65 crore
₹154.37 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Grooming | 628.65 | 80.3% |
| Oral Care | 154.37 | 19.7% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
To justify its price of ₹7256, this stock must grow earnings at 24% every year for 7 years. Our analysis caps realistic growth at ~25%. At that growth it is worth ₹7940 — upside of 9%.
Ownership
Promoters hold 75.00% as of Sept 2026; institutions cut 0.31 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Gillette India Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 40.12% | unchanged | |
| 34.88% | unchanged | |
| Mutual fund | 3.10% | +0.56 pp |
| Insurer | 2.96% | −0.13 pp |
| 1.57% | unchanged | |
| 1.28% | unchanged | |
| 1.20% | newly disclosed | |
| Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 2 added, 5 trimmed, 0 sold out — net +0.74 L shares (+7.9%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹354 Cr | +0.61 L | Jan '24 |
| Nippon India Large Cap Fund Nippon India Mutual Fund | ₹278 Cr | +0.13 L | Jan '24 |
| Nippon India Balanced Advantage Fund Nippon India Mutual Fund | ₹51 Cr | held | Jun '26 |
| Nippon India Retirement Fund - Wealth Creation Scheme Nippon India Mutual Fund | ₹14 Cr | held | Jul '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹9 Cr | −0.00 L | Sep '23 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹4 Cr | −0.00 L | Sep '23 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | −0.00 L | Sep '24 |
| Nippon India Nifty 500 Quality 50 Index Fund Nippon India Mutual Fund | ₹0 Cr | −0.00 L | May '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
2 added, 5 trimmed — net +74,159 shares (+7.9%)
Shares held by these funds +14042%
Oct '23 10.17 L shares Sep '26
Your own record
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Write why you follow Gillette India Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
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