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Gillette India Ltd (GILLETTE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507815 NSE: GILLETTE Household & Personal Products | Small Cap | Gillette India Share Price

₹7,615.25 -38.65 (-0.50%)

As on 02-Jul'26 16:59

Gillette India Ltd (GILLETTE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507815 NSE: GILLETTE Household & Personal Products | Small Cap | Gillette India Share Price

₹7,615.25 -38.65 (-0.50%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹24,814 Cr.
Current Price
₹7,615.3
52-Week Low / High
₹7,236 / 11,505
TTM EPS
₹200.8
TTM Sales
₹3,100 Cr.
Book Value per Share
₹290.5
P/E Ratio
37.92
Lower than its 5-year historical median
Industry PE
47.8
Price to Book (P/B)
26.22
Higher than its 5-year historical median
Price to Sales (P/S)
8.01
In line with its 5-year historical median
EV/EBITDA
25.28
Lower than its 5-year historical median
Dividend Yield
1.47%
Profitability Efficiency
Return on Equity (ROE)
42.71%
Outperforms industry median
Return on Capital Employed (ROCE)
56.42%
Outperforms industry median
Return on Assets (ROA)
23.01%
Operating Profit Margin
27.2%
Net Profit Margin
18.69%
Gross Profit Margin
22.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
13.17%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.14%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.45%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹914 Cr.
Equity
₹32.6 Cr.
Face Value
₹10
All Time Low / High
₹40.00 / 11505.00

Gillette India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Gillette India Ltd a good quality company?
Gillette India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Gillette India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Gillette India Ltd vs industry peers?
Gillette India Ltd revenue CAGR is 12.16%, compared to the industry median CAGR of 2.59%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Gillette India Ltd?
Promoters hold 75.00% of the Gillette India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Gillette India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gillette India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Jun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25TTM
ROCE % 37.1%53%58.9%47.1%37.8%51.1%51.1%52%58.7%56.4%-
Value Creation
Index
1.82.94.23.21.82.82.82.94.24.0-

Growth Parameters

Sales 1,7551,7341,6771,8621,6792,0092,2562,4772,6332,9803,100
Sales YoY Gr.--1.2%-3.3%11%-9.8%19.7%12.3%9.8%6.3%13.2%-
Adj EPS 62.678.573.177.771.696.390.1109.7128.9173.3200.8
YoY Gr.-25.4%-6.8%6.3%-7.9%34.6%-6.5%21.8%17.5%34.5%-
BVPS (₹) 286.8152.7211.8237.3277.5239.3260.3297.6291.1411.9290.5
Adj Net
Profit
204256238253233314293357420565654
Cash Flow from Ops. 279248237134225443462463509437-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.1%12.2%9.7%13.2%
Adj EPS 12%19.4%24.4%34.5%
BVPS4.1%8.2%16.5%41.5%
Share Price 4.8% 6.1% 14.2% -28.7%

Key Financial Parameters

Jun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25TTM
Return on
Equity %
24.335.639.934.427.636.935.638.642.842.557.2
Op. Profit
Mgn %
17.822.223.520.521.623.221.621.824.427.230.4
Net Profit
Mgn %
11.614.814.213.613.915.61314.4161921.1
Debt to
Equity
00000000000
Working Cap
Days
14512213513416214511511410913479
Cash Conv.
Cycle
-6-16-1811710-20-34-40-4531

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25
Sales1,7551,7341,6771,8621,6792,0092,2562,4772,6332,235
Operating Expenses + 1,4501,3521,2951,4831,3201,5501,7751,9402,0021,636
Manufacturing Costs99106107116116118146158178137
Material Costs8547866938197628811,0491,1881,101915
Employee Cost 106110118108119143150170187133
Other Costs 391350377440323408430424535451
Operating Profit 306381382379359460481537631599
Operating Profit Margin (%) 17.4%22.0%22.8%20.3%21.4%22.9%21.3%21.7%24.0%26.8%
Other Income + 3638131611339242628
Exceptional Items 0000000000
Interest 677855118139
Depreciation 30384248515868818364
Profit Before Tax 306374345339314429411473562554
Tax 1061211168684119122117151136
Profit After Tax 199253229253230310289356412418
PAT Margin (%) 11.4%14.6%13.7%13.6%13.7%15.5%12.8%14.4%15.6%18.7%
Adjusted EPS (₹)61.177.770.377.670.695.288.8109.1126.3128.2
Dividend Payout Ratio (%)64.60%211.20%32.70%56.70%69.40%125%77.70%77.90%102.90%87.40%

Valuation of Gillette India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25

Equity and Liabilities

Shareholders Fund + 9354986907739047808489709491,007
Share Capital 33333333333333333333
Reserves 902465658741872747816937916974
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables321323329282287408555680639651
Others Liabilities 154159173123137179182220190195
Total Liabilities 1,4099791,1931,1781,3291,3671,5861,8701,7771,853

Fixed Assets

Net Fixed Assets +178214264300296310363389347342
Gross Block197257374456503574695800834892
Accumulated Depreciation1943109156207264332411487550
CWIP 88634025217265322617
Investments 0000000000
Inventories245222200234284367373412396453
Trade Receivables110130176182191198267320274379
Cash Equivalents 537116237142232166291456476419
Others Assets 252234275295304255226260259242
Total Assets 1,4099791,1931,1781,3291,3671,5861,8701,7771,853

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25
Cash Flow From Operating Activity + 279248237134225443462463509328
PBT 328374345339314429411473562554
Adjustment 5124844566377808463
Changes in Working Capital 856-55-104-6363973514-129
Tax Paid -139-145-101-146-81-112-124-126-151-161
Cash Flow From Investing Activity + 15514-77-65-29-79-112-67-49-27
Capex -66-58-81-75-36-90-116-79-67-44
Net Investments 0000000000
Others 221714117114121816
Cash Flow From Financing Activity + -79-684-39-165-105-430-225-231-440-358
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-200-0-0-0-000
Dividend Paid -65-567-33-137-81-430-225-231-440-358
Others -13-115-7-28-24-0-0-000
Net Cash Flow 356-422121-9591-6612516420-58

Financial Ratio

PARTICULARSJun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25
Ratios
ROE (%)23.7635.3438.5634.5627.4436.8635.5439.1342.9242.71
ROCE (%)37.0653.0358.9347.1237.8151.1351.1351.9658.6656.42
Asset Turnover Ratio1.361.51.541.571.341.491.821.731.761.51
PAT to CFO Conversion(x)1.40.981.030.530.981.431.61.31.240.78
Working Capital Days
Receivable Days23.3024.5033.3035.2040.6035.3031.7035.9033.8043.60
Inventory Days45.9047.704642.6056.3059.1050.40484656.60
Payable Days125.90149.50171.70136.10136.30144.20167.60189.80218.60257.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Gillette India Ltd FAQs

The current trading price of Gillette India on 02-Jul-2026 16:59 is ₹7,615.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Gillette India stood at ₹24,814.5 Cr

The latest P/E ratio of Gillette India as of 01-Jul-2026 is 37.92.

The latest P/B ratio of Gillette India as of 01-Jul-2026 is 26.22.

The 52-week high of Gillette India is ₹11,505 and the 52-week low is ₹7,236.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gillette India is ₹3,100 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gillette India Ltd is a good quality company.

The key valuation ratios of Gillette India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gillette India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Gillette India Ltd

Gillette India was incorporated in India as Indian Shaving Products Limited in 1984. P&G acquired the Company in the year 2005. The company is engaged in manufacturing and selling of branded packaged fast moving consumer goods in the grooming and oral care businesses. It is one of the well-known FMCG companies that has in its portfolio Gillette, Braun and Oral-B, which are world’s leading brands. 

The company’s grooming portfolio includes brands like Gillette Guard, Gillette Labs, Gillette Mach 3, Gillette Fusion, Gillette Venus, Gillette Shaving foams and Braun. The company’s comprehensive grooming portfolio continues to offer wide range of products-from traditional hassle-free shaving solutions; to advanced styling and shaping tools; and electronic grooming devices, as well as comfortable shaving experience to the female grooming needs, ensuring it meet the unique requirements of every consumer.

The company’s Oral Care portfolio serves a diverse range of consumers and their unique needs, with an assortment of products - featuring from gentle to deep clean, special range for children, and an advanced power-oral care range. The company has carved a reputation for delivering superior products to meet the needs of consumers. The company is committed to making every day in the lives of Indian consumers better through superior value propositions.

Business area of the company

Gillette India is engaged in manufacturing and selling of branded packaged fast moving consumer goods in the grooming and oral care businesses and serves consumers with trusted and quality brands, including Gillette, Braun and Oral-B. The company’s distribution channels, inter alia, include distributors, modern retail stores, canteen stores, pharmacies and e-commerce platforms. The company's products are sold through retail operations including mass merchandisers, grocery stores, membership club stores, drug stores, department stores and high frequency stores.

Milestone

  • 1984- Company was incorporated as Indian Shaving Products.
  • 1990-91- In order to manufacture 7 O'clock Ejtek PII Twin Blade Shaving System, company expanded it capacity.
  • 1993- On February, company launched Gillette Shaving Products.
  • 1995-96- Gillette India introduced readyshaver under the brand name 7 O'clock Ready II.
  • 1995-96- Company entered into distribution agreement and launched internationally known brand Oral B.
  • 2000- Company rechristened as Gillette India after merger of Duracell (India) and Wilkinson Sword India with itself.
  • 2001- Company introduced product line namely Gillette Series Arctic Ice.The same year company launched the Gillette Series Satin Care for Women Wild Berry Line, the Cool Blue Mach 3 and Gillette Centennial Packs.
  • 2003-Gillette Vector Plus and Ultra M3AA batteries were launched.
  • 2004-Gillette Mach3 Turbo- triple blade shaving system was launched.
  • 2005-Gillette Company, USA was acquired by Procter & Gamble Company, USA. Gillette India became part of Procter & Gamble Company, USA.
  • 2006-07- In order to manufacture blades and razors, the company established a manufacturing unit at at Baddi in Himachal Pradesh.
  • 2014- Gillette changes the landscape of manscaping with the first razor built for the male terrain-Gillette Body.                                   
  • 2014- Gillette Fusion Proglide with FlexBall Technology Razor is the next evolution in the shaving revolution- a pivoting razor built to maximize contact with every contour of a man’s face.
  • 2016 - The company has launched next Innovation Venus Breeze, a 2 in 1 product with moisturizing gel bars to further accelerate this category
  • 2017 - The company has launched a new product ‘Simply Venus’, a 3-blade disposable razor, catering to the grooming needs of female consumers.
  • 2017 - The company has launched India’s first Neem infused toothbrush.
  • 2018 - The company has launched Gillette Mach 3 Start, an entry-level premium system razor.
  • 2018 - The company has launched the entry tier rechargeable electric toothbrush ‘Oral-B Vitality’.
  • 2019 - The company has launched Gillette SkinGuard, a premium system razor that provides the smoothest shave to consumers.
  • 2019 - The company has launched the rechargeable electric toothbrush for kids featuring Star Wars and Frozen characters.
  • 2020 - Gillette launched the ‘Gillette Barber Suraksha Program', to support the barber community get back on their feet.
  • 2020-21: Launched Gillette Guard 3, an affordable three blade system razor that provides the smoothest shave in just one go. 
  • 2020-21: Launched King C Gillette, a premium range of unparalleled grooming products.
  • 2020-21: Launched Complete Clean, entry-level toothbrush which will help bring quality oral care at an affordable price.
  • 2021-22: Launched Venus Skin love - a premium disposable razor.
  • 2021-22: Launched the superior Criss Cross range of toothbrushes with Indicator bristles.
  • 2022-23: Re-launched Gillette Fusion as a styling tool thereby catering to overall grooming needs of men (including bearded men).
  • 2022-23: Launched Venus Swirl - a premium razor that has helped add new consumers via strong demand creation and go-to-market excellence.
  • 2022-23: Launched SensitiveX- a premium sensitive toothbrush that has a revolutionary X-Filament technology for superior plaque removal while still being gentle on gums.
  • 2023-24: The company launched Venus Bikini Sensitive - a razor designed for intimate grooming for women.
  • 2023-24: Launched a Kids toothbrush ‘Chotta Bheem’ designs - a popular animated character loved by children in India.
  • 2024-25: Launched the iO3 electric toothbrush, which is designed to provide a premium power oral care experience at an affordable price point.
  • 2024-25: The company introduced the Oral-B Charcoal Whitening toothbrush, targeted at consumers looking for effective teeth whitening solutions.
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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