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Gillette India Limited (GILLETTE)

Large Cap

FMCG 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.

₹7,264
+37.50 · +0.52%
Market cap ₹23,551 Cr
IndicesNifty 500
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am IST
Details
Quote21 Oct, 04:45 am IST
Base fundamentals17 Oct 2026 · screener
Latest result30 Jul, 05:20 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens

Trend score and candlestick chart

31Bearish

SMA20 -3.9% / mo · MACD + · near 52W low · sector -4.5pp vs Nifty 500 (3M)

Stock trend: 40
Sector RS: 18
Sector 3M: -10.2% vs Nifty 500 -5.6%
FMCG FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

GILLETTED candles · FIT view-10.3%
Latest close ₹7264.00 on 2026-10-19
Bar
+0.5%
RSI
55
MACD hist
35.03
52W pos
14%
Visible chart range
Candle interval
2026-10-19O ₹7226.50H ₹7285.00L ₹7152.50C ₹7264.00Vol 9,875 sh
₹6.78k₹7.21k₹7.65k₹8.08k₹8.51k52L₹7264.002026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

GILLETTENifty FMCGNifty 500
-13%-8%-2%+3%20 Jul1 Sept19 Oct19 Oct 2026GILLETTE -7.1%Nifty FMCG -10.5%Nifty 500 -5.6%
GILLETTE
-7.1%
Nifty 500
-5.6%
Nifty FMCG
-10.5%
Vs Nifty 500
-1.5 pp
Chart stats
19 Oct 2026
From 52W high
-24.8%
₹9,664
52W range position
14%
₹6,860 - ₹9,664
ATR (14)
2.1%
₹153.3
Volume vs 20D
0.42x
Latest completed session
Avg traded value
₹15.2 Cr
20-session average
20D price channel
₹6,860 - ₹7,320
19.9% annualized volatility
Research snapshot

What the evidence says now

Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED
69

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Bad
22

Revenue +10.8% · PAT +8.9% YoY

Technical
Bearish
31

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+21.3%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
88

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Bad · 22/100

margin compression · Rev +11% YoY · PAT +9% YoY

Filed 30 Jul 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹783 Cr+10.8%-1.1%
EBITDA₹228 Cr+8.6%-17.7%
Operating margin29.0%-100 bps-600 bps
PAT₹159 Cr+8.9%-17.6%
PAT margin20.3%-34 bps-406 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
35.20
P/B
24.92
EV/EBITDA
22.71
Market Cap
23551.00Cr

Profitability

ROE
66.50%
ROCE
90.70%
ROA
35.70%
Dividend Y
2.49%

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
2.51%
FCF Positive Y
12/5
OCF
607.00 Cr
EPS TTM
205.02

Shareholding

Promoter Hold
75.00%
Promoter Pledge
0.00%
Momentum 52W
13%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 783-1.1% vs prev
0811.0Sep 2023: 668Dec 2023: 639Mar 2024: 681Jun 2024: 645Sep 2024: 782Dec 2024: 686Mar 2025: 767Jun 2025: 707Sep 2025: 811Dec 2025: 790Mar 2026: 792Jun 2026: 783Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26

Net Profit

₹ Cr
Latest: 159-17.6% vs prev
0193.0Sep 2023: 93.0Dec 2023: 104Mar 2024: 99.0Jun 2024: 116Sep 2024: 133Dec 2024: 126Mar 2025: 159Jun 2025: 146Sep 2025: 144Dec 2025: 172Mar 2026: 193Jun 2026: 159Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26
ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 55. Wait for confirmation.

  • Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
  • SMA20 falling (~4.1% over last month) — short-term momentum negative.
  • RSI(14) at 55 — rising, no extreme reading.
  • MACD above signal, histogram expanding — bullish momentum building.
  • 25% off 52W high · 6% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

33
RS percentile
Stage 4 Downtrend
1M return
+2.7%
3M return
-7.1%
6M return
-8.4%
1Y return
-20.3%
RS 1D
+2
RS 20D
+21
Sector rank
#15
Industry rank
#26
Stage evidence
  • Price is 4.7% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -1.9%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 78.55+1.55%
72798794101Sept 25Feb 26Jun 26Oct 2679
RS vs Nifty 50079

Valuation & peers

U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies

69U-SCORE
Premium Compounder

Fundamental score breakdown

U band · UNDERVALUED
Valuation5/30
Growth18/25
Quality20/20
Balance Sheet12/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
69

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

69/100 · legacy band UNDERVALUED

Positive drivers

  • Piotroski is strong at 8/9.
  • Fair-value margin of safety is positive at 21.3%.
  • 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.
Sector valuation model

Consumer valuation: PE/PEG and brand-quality premium

Consumer franchises can deserve higher multiples, but only when growth quality supports them.

Consumer PE/PEG
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
35.2
PB
24.9
EV/EBITDA
22.7
ROE
66.5%
ROCE
90.7%
FCF Yield
2.5%
Debt/Equity
0.0
MoS
+21.3%
Score movement

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.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
69
Previous: 69
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+21.3%
Previous: +21.3%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
69
69
69
69
69
69
69
69
69
69
69
69

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹1,156.61
-528.0% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹9,225.9
+21.3% MoS
PEG
1.34

Comparable companies

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.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
EMAMILTD
Large
Emami Limited
Consumer Goods
match 156
62
21.8
26.2%
+50%
UNDERVALUED
HINDUNILVR
Large
Hindustan Unilever Limited
Consumer Goods
match 141
61
40.3
31.0%
+35%
UNDERVALUED
GODREJCP
Large
Godrej Consumer Products Limited
Consumer Goods
match 139
36
43.0
16.1%
-362%
WATCHLIST
BAJAJCON
Small
Bajaj Consumer Care Limited
Consumer Goods
match 131
46
24.6
24.7%
-325%
FAIR VALUE
DOMS
Large
DOMS Industries Limited
Consumer Goods
match 126
54
58.4
20.7%
-29%
FAIR VALUE

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-06-22T07:22:40.889Z
Management commentary snapshot

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.

Growth engines

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.

Tailwinds

Stable Economic Indicators

India shows stable economic indicators and investment by government, outpacing global GDP growth.

Headwinds

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.

Risk radar

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

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens
Compare YOY

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).

Sector KPIs management disclosed

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.

Management forward view

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.

Thesis monitor

Numbers and claims to verify in the next filings

CheckpointCurrent evidenceWhat to verify next
Rural and Urban ConsumptionSoftSigns of improvement in demand trends across both segments.
Energy InflationMuted core inflation, but energy inflation is a watch point.Any significant escalation in energy costs that could impact margins.
Productivity SavingsINR 38 crores for FY25/26Continued delivery of productivity savings to fuel investments and protect margins.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score
88Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: 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.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 21 Oct 2026
management-trust-v1
26 docs text-extracted · 8 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
100th percentile

overall median 67 · FMCG: 100th pctile, median 79 · Large: 99th pctile, median 73

Evidence depth
Financial-only

26 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.

Read 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.

Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
98
strong · capital discipline
Results
87
strong · quarterly consistency

Trust positives

  • ▸Promoter holding is 75%.
  • ▸Promoter pledge is zero.
  • ▸FCF yield is positive at 2.5%.
  • ▸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.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

12 shown
AnnouncementSep 2026

Sep 2026 · Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 25 Sep - Flavia Machado resigns as Company Secretary and Compliance Officer effective close of business September 28, 2026.

Source: Bse

Open source ↗
Annual reportAug 2026

Aug 2026 · Notice Of 42ND Annual General Meeting (AGM) Of The Company To Be Held On August 31, 2026 8 Aug - Annual report and notice for 42nd AGM issued for FY2025-26; final dividend ₹60 per share recommended.

Source: Bse

Open source ↗
AnnouncementJul 2026

Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 1 Jul - Ghanashyam Hegde ceases as Legal Head from July 1, 2026, moving to a regional P&G role.

Source: Bse

Open source ↗
AnnouncementJul 2026

Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 1 Jul - Rohini Venkateswaran resigns July 31, 2026; Gopalakrishnan Kalianna appointed Sales Head from August 1, 2026.

Source: Bse

Open source ↗
AnnouncementJul 2026

Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 1 Jul - Rohini Venkateswaran resigns as Whole-Time Director and sales head July 31, 2026; Gopalakrishnan Kalianna appointed Sales Head Aug. 1.

Source: Bse

Open source ↗
AnnouncementJul 2026

Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 1 Jul - Ghanashyam Hegde moves to regional P&G role effective July 1, 2026; exits India leadership June 30.

Source: Bse

Open source ↗
AnnouncementJul 2026

Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 12 Jun - Girish Kalyanaraman appointed VP for Grooming and Oral Care from July 1, 2026; Kapil Sharma and Shailesh Sathyanarayanan exit.

Source: Bse

Open source ↗
Investor presentationJun 2026

Jun 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptJun 2026

Jun 2026 · Transcript

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Jun - The management of the Company will be hosting a virtual connect with analysts/ institutional investors on June 16, 2026. Institutional investors/Analysts ....

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 27 May - Gillette India appoints Krishnamurthy Iyer and Ghanashyam Hegde; Srividya Srinivasan resigns as CFO June 30, 2026, Ashwath Rao appointed July 1.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 May - Gillette India resubmits FY26 audited results press release; board recommends Rs60/share final dividend, subject to approval.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.