Gillette
Gillette
Consumer GoodsKey Fundamentals
SmallcapPersonal CareConsumer GoodsTapetide Score
Data-driven rating, 0–100. How it works →
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 94.9%
Weaknesses
1- Stock is trading at 25.2 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Gillette India Ltd, with a market cap of ₹23,768 Cr, is a virtually debt-free FMCG subsidiary of Procter & Gamble that has delivered 23% compounded profit CAGR over five years and a last-year ROE of 67%. However, the stock trades at a P/B of 25.4x and has seen a 27% price decline over the past year, reflecting a tension between strong operating fundamentals and elevated valuation.
- Exceptional ROE trajectory — last-year ROE stands at 67%, with a 3-year average of 49% and 5-year average of 44%, indicating highly efficient capital deployment
- Strong profit compounding at 23% CAGR over 5 years and 31% CAGR over 3 years, well ahead of sales growth, demonstrating margin expansion
- Company is virtually debt-free, reducing financial risk and providing flexibility for future investment or shareholder returns
- Healthy dividend payout ratio of 94.9% with a current dividend yield of 3.25%, offering meaningful income in the FMCG space
- TTM sales growth of 8% and 5-year sales CAGR of 13% show consistent top-line momentum in the Indian grooming and oral care market
- 10-year compounded profit CAGR of 14% demonstrates long-term earnings durability through multiple economic cycles
- Backed by P&G's global brand portfolio, R&D pipeline, and distribution expertise, providing a structural competitive moat in Indian consumer goods
- Stock trades at 25.4x book value, among the highest in the Indian consumer goods space, leaving little room for execution misses
- Share price has declined 27% over the past year, significantly underperforming broader markets and indicating sustained selling pressure
- P/E of 36x is elevated for a company growing top-line at only 8% TTM, implying a PEG ratio well above 1
- 10-year stock CAGR of just 5% suggests the market has historically not rewarded shareholders proportional to the company's profit growth
- 5-year stock CAGR of only 4% versus 23% profit CAGR indicates persistent valuation compression over time
- Near-total dividend payout of 94.9% leaves minimal retained earnings for organic reinvestment or capacity expansion
- Limited product diversification — heavy reliance on grooming and oral care segments exposes the company to category-specific disruption from D2C brands and local competitors
- 52-week high and low data unavailable (reported as 0), making it difficult to assess current price positioning within its trading range
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Stock down 28% in one year Aug 19
Gillette India shares declined 28% from Aug 19, 2025 to Aug 18, 2026, with YTD down 8%, 6-month down 12%, and 1-month down 4%.
- FY26 profit jumps 23% Aug 31
Gillette India reported 23% net profit growth and 8% sales growth for FY26, with 10% revenue CAGR over five years and ₹38 crore in productivity savings.
- Total FY26 dividend ₹240/share Aug 19
Total FY26 dividend reaches ₹240 per share (₹120 interim + ₹60 special + ₹60 final), a massive jump from ₹47 in FY25. Record date for final dividend is August 24.
- Q1FY27 sales up 11% Aug 19
Q1FY27 sales rose 11% to ₹783 crore and PAT grew 9% to ₹159 crore, driven by double-digit topline growth and productivity initiatives.
- LIC raises stake to 5% Aug 25
LIC acquired 655,952 shares via open market between Aug 18-24, raising its holding in Gillette India to 5.026%, signaling institutional confidence.
- AGM approves board changes Sep 1
Shareholders approved six resolutions at the 42nd AGM on August 31, 2026, including reappointment of Pramod Agarwal and appointment of new directors.
TL;DR: Gillette India is delivering strong operational performance with 23% profit growth in FY26 and 11% sales growth in Q1FY27, backed by a generous ₹240/share total dividend that dwarfs prior years. However, the stock has underperformed significantly with a 28% decline over the past year despite solid fundamentals. LIC's stake increase to 5% suggests institutional investors see value at current levels. The disconnect between strong earnings momentum and weak stock price may present an opportunity if growth sustains, but near-term sentiment remains bearish.
Quarterly Results
| Particulars | 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
| Particulars | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | 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 | 944 | 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 | 27 | 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% | 120% | — |
Balance Sheet
| Particulars | 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
| Particulars | 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
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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60 extracted metrics + investor summaries across FY11–FY26.
Documents
Frequently Asked Questions about Gillette
What does Gillette India Ltd do?
Where is Gillette India Ltd (GILLETTE) listed?
Which sector does Gillette India Ltd belong to?
What is the market capitalisation of Gillette India Ltd?
What is the PE ratio of Gillette India Ltd?
What is the 52-week high and low of Gillette India Ltd?
Does Gillette India Ltd pay dividends?
What is the Return on Equity (ROE) of Gillette India Ltd?
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]
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