GILLETTE

Gillette India share price & financials

Price
₹7,828.5
Market cap
₹23.8k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
4
Latest concall · Q4 FY26 · call held 16 Jun 2026

Gillette India Q4 FY26

Profit After Tax ₹650 cr +23%

What went well

  • Sales for FY26 grew 8% YoY to ₹3100 crores, driven by a robust portfolio and innovation.
  • Profit After Tax for FY26 increased 23% YoY to ₹650 crores, attributed to productivity and efficiency.
  • The company has demonstrated consistent topline and bottom-line growth for the last 5 years, with absolute sales growing 1.5x and absolute profit doubling.

What to watch

  • Revenue growth trajectory for FY26 showed a meaningful slowdown due to one-time impact items related to export revenue streams from affiliate companies, specifically the closure of a Distribution Agreement in Bangladesh.
  • The external landscape presents challenges with evolving global trade policies, commodity price volatility (crude and resins up 50%), and a softening trend in rural consumption driven by inflation rates.
Read the full call →

What Gillette India Limited does

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

  • Grooming
  • Oral Care
Manufacturing plants
2 (Baddi, Himachal Pradesh and Bhiwadi, Rajasthan)
Core global brands
Gillette, Braun, Oral-B
Business segments
Grooming and Oral Care
Ownership
Subsidiary of The Procter & Gamble Company (P&G), USA
Market position
Market leader in India's Blades & Razors category
Plant sustainability
Both plants (Baddi and Bhiwadi) are zero-manufacturing-waste-to-landfill sites
Founded 1984Headquarters Mumbai, Maharashtra Company website

Guidance record · Q4 FY26

what the last two calls moved 8 tracked 3 delivered 3 missed 2 open
  • Profitability Growth vs Revenue Growth delivered said Q1 FY24 Promised: aim to grow bottom-line ahead of topline in the foreseeable future Q4 FY26: PAT grew 23% vs Revenue growth of 8% for FY26.
  • FMCG Category Volume Growth went quiet said Q1 FY24 Promised: mid-single digits over the next 5-7 years Q4 FY26: Specific overall FMCG volume growth figure not provided, though category value growth rates were discussed.
  • Category Growth on track said Q4 FY25 Promised: Ahead of industry average Q4 FY26: Reported 8% overall growth vs 12% male grooming category growth, but claimed underlying growth doubles to ~16% after excluding one-off export impacts.

All 8 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 10.7%, net profit up 8.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue782 686 767 707 811 +4%790 +15%792 +3%783 +11%
EBITDA190 183 226 210 208 +9%248 +36%277 +23%228 +9%
Net profit133 126 159 146 144 +8%172 +37%193 +21%159 +9%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −27.8% 1Y

₹8k₹9k₹10kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY26 — 16 Jun 2026

1Y: ₹10,115 on 10 Sept 2025 → ₹7,307. High ₹10,352 (19 Sept 2025), low ₹7,253.5 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
−0.1%
16 Jun

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.

Financials, as filed

Revenue grew 8.6% a year over 3 years, FY23 to FY26. Operating margin widened to 30.3%.

Year endingFY23FY24FY25FY26
Revenue₹2.5k Cr₹2.6k Cr₹2.9k Cr₹3.2k Cr
Operating profit₹540 Cr₹632 Cr₹809 Cr₹961 Cr
Operating margin21.8%24.0%27.5%30.3%
Interest₹7 Cr₹13 Cr₹9 Cr₹12 Cr
Depreciation₹81 Cr₹83 Cr₹85 Cr₹76 Cr
Net profit₹356 Cr₹412 Cr₹564 Cr₹668 Cr
Net margin14.4%15.6%19.2%21.0%
Cash from operations₹463 Cr₹509 Cr₹328 Cr₹607 Cr
Free cash flow₹384 Cr₹442 Cr₹284 Cr₹564 Cr
ROCE52.0%59.0%56.0%91.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹33 Cr₹33 Cr₹33 Cr₹33 Cr₹33 Cr₹33 Cr
Reserves₹756 Cr₹829 Cr₹956 Cr₹939 Cr₹1.1k Cr₹914 Cr
Borrowings₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other liabilities₹606 Cr₹758 Cr₹927 Cr₹859 Cr₹987 Cr₹925 Cr
Total liabilities₹1.4k Cr₹1.6k Cr₹1.9k Cr₹1.8k Cr₹2.1k Cr₹1.9k Cr
Fixed assets₹310 Cr₹363 Cr₹389 Cr₹347 Cr₹322 Cr₹304 Cr
Capital work in progress₹72 Cr₹65 Cr₹32 Cr₹26 Cr₹31 Cr₹33 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹1.0k Cr₹1.2k Cr₹1.5k Cr₹1.5k Cr₹1.8k Cr₹1.5k Cr
Total assets₹1.4k Cr₹1.6k Cr₹1.9k Cr₹1.8k Cr₹2.1k Cr₹1.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.33 pp while DIIs trimmed −0.84 pp. The shareholder count grew 34% to 66,389.

Promoters
75.0%
FIIs
4.3%
DIIs
8.8%
Government
0.0%
Public
11.9%

Since Jun 2025

  • Public +1.33 pp
  • DIIs −0.84 pp
  • FIIs −0.49 pp

How it drifted, 12 quarters

Over this window FIIs went from 0.6% to 4.3% — +3.7 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.6%, DIIs 11.1%, Public 13.3%.Dec '23: Promoters 75.0%, FIIs 0.6%, DIIs 11.2%, Public 13.2%.Mar '24: Promoters 75.0%, FIIs 0.7%, DIIs 12.8%, Public 11.5%.Jun '24: Promoters 75.0%, FIIs 1.8%, DIIs 12.1%, Public 11.1%.Sep '24: Promoters 75.0%, FIIs 3.3%, DIIs 10.8%, Public 11.0%.Dec '24: Promoters 75.0%, FIIs 4.1%, DIIs 9.9%, Government 0.0%, Public 10.9%.Mar '25: Promoters 75.0%, FIIs 4.3%, DIIs 9.9%, Government 0.0%, Public 10.8%.Jun '25: Promoters 75.0%, FIIs 4.8%, DIIs 9.6%, Government 0.0%, Public 10.6%.Sep '25: Promoters 75.0%, FIIs 5.0%, DIIs 9.2%, Government 0.0%, Public 10.8%.Dec '25: Promoters 75.0%, FIIs 4.8%, DIIs 8.9%, Government 0.0%, Public 11.3%.Mar '26: Promoters 75.0%, FIIs 4.4%, DIIs 9.3%, Government 0.0%, Public 11.4%.Jun '26: Promoters 75.0%, FIIs 4.3%, DIIs 8.8%, Government 0.0%, Public 11.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 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 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Gillette India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Procter And Gamble Overseas India B.V. 40.12%unchanged
Gillette Diversified Operations Pvt. Ltd. 34.88%unchanged
Life Insurance Corporation Of India - P & Gs Fund Insurer3.09%−0.49 pp
Nippon Life India Trustee Ltd-A/C Nippon India Nifty 500 Equal Weight Index Fund Mutual fund2.54%+0.53 pp
Adventz Finance Private Limited 1.57%unchanged
Globalware Trading And Holdings Limited 1.28%unchanged
Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life BSE 500 Quality 50 Index Fund Mutual fund1.18%+0.09 pp
Procter & Gamble Bangladesh Private Ltd. 0.00%unchanged
Procter & Gamble Blois S.A.S. 0.00%unchanged
Procter & Gamble Brazil Holdings B.V. 0.00%unchanged
Procter & Gamble Bulgaria EOOD 0.00%unchanged
Procter & Gamble Business Services Canada Company 0.00%unchanged

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.

Mutual funds in GILLETTE

Filings to Aug 2026

0 new, 6 added, 2 trimmed, 0 sold out — net +0.46 L shares (+5.2%).

Held by funds
₹691 Cr
10 schemes
Biggest holder
Nippon India Multi Cap Fund
₹326 Cr · 0.6% of that fund
SchemeHoldingLast month
Nippon India Multi Cap Fund Nippon India Mutual Fund₹326 Cr+0.09 L
Nippon India Large Cap Fund Nippon India Mutual Fund₹281 Cr+0.37 L
Nippon India Balanced Advantage Fund Nippon India Mutual Fund₹53 Crheld
Nippon India Retirement Fund - Wealth Creation Scheme Nippon India Mutual Fund₹14 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹10 Cr+0.00 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹5 Cr+0.00 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
Nippon India Nifty 500 Quality 50 Index Fund Nippon India Mutual Fund₹0 Cr−0.00 L

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 Aug 2026

6 added, 2 trimmed — net +46,404 shares (+5.2%)

Funds are sitting on
+4%
vs est. average cost
Held by funds
₹691 Cr
10 schemes · ≈ 3.1% of the company
Biggest holder
Nippon India Multi Cap Fund
₹326 Cr · 0.6% of that fund
Longest holder
Nippon India Nifty Smallcap 250 Index Fund
3y · since Sep '23

Shares held by these funds +13126%

Sep '23 8.97 L shares Jul '26

What the price assumes

Fair

To justify its price of ₹7307, 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%.

Growth the price implies
23.8% a year
for 7 years, fading to 4%
It has actually compounded at
25.4% a year
net profit, FY23–FY26 · EPS 25.4%
The gap
-0.0 pp
9% downside if it only repeats history
Price today ₹7,307 Value at the reference growth ₹7,939.6

Change the assumptions yourself →

All earnings calls (4)

Read the Q4 FY26 call →

Learn to analyse Gillette India Limited

Guides on how to read this kind of business and the numbers that matter.