Gillette India Ltd.

Gillette India has received a letter from its distributor, Procter & Gamble Bangladesh (P&G Bangladesh), notifying termination of the distribution agreement with the company, which will be effective December 31, 2024.

As a consequence of this termination, the Company will have an impact of proportionate drop in net sales under this agreement. For the financial year 2023?24, the net sales under the said distributor agreement accounted for around 2% of the total net sales of the Company. There is no material impact on Company’s profits due to this termination.

Gillette India is engaged in the manufacturing and sale of branded packaged fast moving consumer goods (FMCG) in the grooming, portable power and oral care businesses.