Gillette India Q4 Review - Miss On All Fronts; Sharp Increase Seen In Ad Spends: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Nirmal Bang Report.Gillette India Ltd.’s Q4 FY21 (June-ending FY) performance was below our estimates on all fronts. Grooming business revenue came in ~17% below our estimate at Rs 3.3 billion (versus ~Rs 4 billion average quarterly run-rate seen in the previous three quarters). The segment also declined by 7.8% on the base of Q4 FY19. Even Gillette India's oral care business’ revenue missed the previous three-quarters’ average run-rate of ~Rs 1.24 billion and came in ~18% below our estimate at Rs 1.03 billion. The quarter also saw a sharp increase in advertisement and sales promotion spends, much higher than what we had estimated. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gillette India Q4 Review - Miss On All Fronts; Sharp Increase Seen In Ad Spends: Nirmal Bang