Gillette India (507815) Q4 15/16 earnings summary

Executive summary

• FY2015-16 net sales rose 4% to ₹2,052 crore; PAT increased 35% to ₹213 crore, supported by productivity, cost optimization and portfolio choices.

• Grooming delivered double-digit growth and share gains; Duracell distribution ended in February 2016 following the global divestiture of the business.

Financial highlights

• Net sales, excluding excise, were ₹2,052 crore vs ₹1,971 crore; sales including excise were ₹2,071 crore vs ₹1,981 crore.

• PBT was ₹327 crore vs ₹246 crore; PAT was ₹213 crore vs ₹158 crore.

• Total-operations EPS was ₹65.38 vs ₹48.53; continuing-operations EPS was ₹60.80 vs ₹30.55.

• Gross sales reached ₹2,072 crore vs ₹1,984 crore; net worth rose to ₹858 crore from ₹742 crore.

Outlook and guidance

• Expected category growth was high single digits; priorities included superior innovation, favorable price/mix, relevant consumer communication and productivity.

• FY2016-17 was expected to advance balanced top- and bottom-line growth and cash generation, supported by cost savings to fund innovation and investment.