External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Gillette India hosted its first virtual analyst meet to provide a business update on its current business segments and roadmap of the company going ahead.</li><li>The key positives from the meet were – 1) The company has guided mid single-digit volume growth for 5-7 years, while it further expects double-digit value growth driven by premiumisation and scaling up under-penetrated categories;</li><li>2) Achieved +60% market share gain in male grooming segment, led by strong growth in Gillette Guard (affordable razor targeted to rural consumers) as it penetrates into rural market</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Gillette India hosted its first virtual analyst meet to provide a business update on its current business segments and roadmap of the company going ahead.The key positives from the meet were – 1) The company has guided mid single-digit volume growth for 5-7 years, while it further expects double-digit value growth driven by premiumisation and scaling up under-penetrated categories;2) Achieved +60% market share gain in male grooming segment, led by strong growth in Gillette Guard (affordable razor targeted to rural consumers) as it penetrates into rural marketContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gillette India Ltd - Analyst Meet Takeaways – (NOT RATED)

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

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<li>3QFY22 performance: GILL’s 3QFY22 revenue grew by 5.6% YoY to Rs5.7bn (vs our est. of Rs5.9bn).</li>
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<li>3QFY22 segmental performance: In terms of revenue, while the Grooming segment (76.1% of sales in 9MFY22) grew by 8.9% YoY (largely in line with our estimate; 3-year CAGR of 5.5%), Oral Care disappointed with a decline of 5.1% YoY (a drop of 12% even on QoQ basis; 3-year CAGR of 12.2%).</li>
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<li>9MFY22 performance: Revenue was up by 8.3% YoY while EBITDA &amp; PAT were down by 9.2% YoY &amp; 16.8% YoY, respectively.</li>
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<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>






3QFY22 performance: GILL’s 3QFY22 revenue grew by 5.6% YoY to Rs5.7bn (vs our est. of Rs5.9bn).






3QFY22 segmental performance: In terms of revenue, while the Grooming segment (76.1% of sales in 9MFY22) grew by 8.9% YoY (largely in line with our estimate; 3-year CAGR of 5.5%), Oral Care disappointed with a decline of 5.1% YoY (a drop of 12% even on QoQ basis; 3-year CAGR of 12.2%).






9MFY22 performance: Revenue was up by 8.3% YoY while EBITDA &amp; PAT were down by 9.2% YoY &amp; 16.8% YoY, respectively.













Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gillette India - Mixed Bag; Limited Upside Leads to Rating Downgrade

India

Gillette India Ltd., a joint venture between Gillette Company, Inc. of the US and Poddar Group of India, manufactures personal grooming products, stationery products and small electrical appliances. The Company's products include twin type shaving systems, other razors, safety razor blades, disposable cartridge blades, shaving brushes and shaving creams.

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Gillette India (GILL IN)

Gillette India Ltd - Analyst Meet Takeaways – (NOT RATED)

Gillette India hosted its first virtual analyst meet to provide a business update on its current business segments and roadmap of the company going...

Axis Direct

Gillette India - Mixed Bag; Limited Upside Leads to Rating Downgrade

Gillette India’s (GILL) 3QFY22 (June-ending FY) operating performance was ahead of our estimate even as sales came in lower than our estimate as...

Nirmal Bang

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