Gillette India Limited (GILLETTE)
Large CapFMCG stocks · Large cap · NSE
Gillette India Limited manufactures and markets grooming products, including traditional and electric shaving, and female grooming. It also offers oral care products, encompassing both power and manual solutions. The company focuses on product superiority, packaging, communication, and retail execution to drive consumer choice.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Investable fundamentals, management trust is supportive, price trend argues for patience, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 22/100margin compression · Rev +11% YoY · PAT +9% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹783 Cr | +10.8% | -1.1% |
| EBITDA | ₹228 Cr | +8.6% | -17.7% |
| Operating margin | 29.0% | -100 bps | -600 bps |
| PAT | ₹159 Cr | +8.9% | -17.6% |
| PAT margin | 20.3% | -34 bps | -406 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Gillette India reports strong FY25-26 results with 8% sales growth and 23% PAT growth, driven by consistent performance despite soft consumption trends.
The company delivered robust financial performance in FY25-26, with double-digit PAT growth, despite a challenging external landscape marked by soft rural and urban consumption. The integrated growth strategy, focusing on superiority, portfolio, disruption, and productivity, appears to be yielding results. However, external headwinds persist.
Superiority to Win with Consumers
Strategy focuses on product, packaging, communication, and retail execution to deliver consumer and customer value.
Portfolio Performance
Driving brand choice across Grooming (shaving, electric, female) and Oral Care (power, manual) segments.
Constructive Disruption
Implementing AI-led automated on-shelf availability assessment, smart assortment, and agile supply chain optimization.
Productivity to Fuel Investments
Integrated strategy to deliver same or better output with lower spending across materials, manufacturing, ad spend, working capital, and overhead.
Stable Economic Indicators
India shows stable economic indicators and investment by government, outpacing global GDP growth.
External Landscape Changes
The company faces challenges from inflation, media fragmentation, and changes in the retail landscape.
Soft Consumption Trends
Consumption continues to be soft in both rural and urban markets.
Global Trade Policy & Macro Factors
Evolving global trade policy and macroeconomic factors can impact international businesses.
Soft Consumption Demand
Consumption continues to be soft in both Rural and Urban areas, posing a risk to volume growth.
Inflationary Pressures
While core inflation is muted, energy inflation is a factor to watch, potentially impacting input costs.
Evolving Retail Landscape
Changes in the retail landscape present challenges for execution and distribution.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The company changed its fiscal year, making direct QoQ or previous 9-month YoY comparisons non-comparable. Results are indexed versus a comparable 12-month period in the prior year (April 1, 2024, to March 31, 2025).
Sales Growth (FY25-26)
Sales increased by +8% for FY 2025-26, indexed versus the comparable 12-month period in the last year.
PAT Growth (FY25-26)
Profit After Tax (PAT) grew by +23% for FY 2025-26, indexed versus the comparable 12-month period in the last year.
Productivity Savings
INR 38 crores productivity savings were delivered for FY 25/26, integrated into the strategy across materials, manufacturing, ad spend, working capital, and overhead.
Consumption Trends
Consumption continues to be soft in both Rural and Urban markets.
Integrated Growth Strategy
Management is focused on an integrated growth strategy built on superiority, portfolio performance, constructive disruption, productivity, and an empowered organization.
Employee Wellbeing & Value
Prioritizing employee wellbeing and delivering a superior employee value equation is a focus area.
Social Impact
The company aims to improve learning outcomes, impacting over 1 crore children through P&G Shiksha efforts.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Rural and Urban Consumption | Soft | Signs of improvement in demand trends across both segments. |
| Energy Inflation | Muted core inflation, but energy inflation is a watch point. | Any significant escalation in energy costs that could impact margins. |
| Productivity Savings | INR 38 crores for FY25/26 | Continued delivery of productivity savings to fuel investments and protect margins. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
27Bearishfull bear SMA stack · SMA20 -4.1% / mo · MACD − · near 52W low
Technical chart
GILLETTEdaily · 1Y · AUTO-10.6%Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 33. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~4.3% over last month) — short-term momentum negative.
- RSI(14) at 33 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 6.8% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.3%.
- Both 3-month and 6-month returns are negative.
Valuation & score drivers
U-Score 69 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 69 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
UNDERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 20.7%.
- Quality contributes 20/20 to the score.
Main drags
- Valuation is weaker at 5/30; verify the latest quarterly trend.
- Growth is weaker at 18/25; verify the latest quarterly trend.
- Balance sheet is weaker at 12/15; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
High Trust: Claim history is still being built. It ranks around the 100th percentile of the scored universe and 100th percentile within FMCG. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 75%.
Management behaviour ranks as unusually reliable. Still verify valuation and cycle risk.
overall median 67 · FMCG: 100th pctile, median 78 · Large: 100th pctile, median 73
25 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
High Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.4%.
- ▸12 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 35.70
- P/B
- 25.21
- EV/EBITDA
- 22.98
- Market Cap
- 23831.00Cr
Profitability
- ROE
- 66.50%
- ROCE
- 90.70%
- ROA
- 35.70%
- Dividend Y
- 2.46%
Growth (CAGR)
- Revenue 5Y
- 13.00%
- EPS 5Y
- 23.00%
- Revenue 3Y
- 11.00%
- EPS 3Y
- 31.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 80.08×
- Altman Z
- 10.21
- Book Value
- 290.00
Cash Flow
- FCF Yield
- 2.48%
- FCF Positive Y
- 12/5
- OCF
- 607.00 Cr
- EPS TTM
- 205.02
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 4%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in FMCG, ranked by similarity
Peers
Business-comparable names in FMCG, ranked by similarity
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.