Share price of Gillette India shaved off near 4-percent even after the FMCG major reported strong Q4 earning numbers.
The top FMCG player Gillette India Limited on Wednesday reported results for the quarter ended 31-March, 2019. The company brought out sales of Rs466-crores, up 3pc versus year ago. The profit after tax recorded at about Rs.88-Cr, up 23pc v/s year ago behind continued focus on productivity and other fundamentals. Sales for the year, as on date is up 10pc and Profit after Tax is up 7pc v/s year ago.
At around 3.00pm, Gillette India was trading lower by 3.88% or Rs283 at Rs7013.95 per share on the NSE. The stock opened at Rs7500 per share and hit a high and low of Rs. 7577.10 and 6,950.00 per share.
Meantime, NSE Nifty lost 64 points at 11295.50, while BSE Sensex quoted at 37591-mark down over 192 points.
Gillette India is a well-known player in the FMCG industry. The company is engaged in the business of manufacturing Blades & Razors, Oral care and Portable Power.