Gillette India - Elevated Key Commodity Prices To Impact Margins In Near-Term: Axis Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.Gillette India Ltd. 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.Gillette India has guided mid single-digit volume growth for five-seven years, while it further expects double-digit value growth driven by premiumisation and scaling up under-penetrated categories.Achieved plus 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.Direct distribution reach has increased 65% from the levels five years ago (CY19), driven by smart distribution techniques using artificial intelligence/ machine learning and new product launches.Gillette has achieved Rs 55 crore savings in FY23 led by productivity improvement and expect similar cost savings initiatives in the future as well..Click on the attachment to read the full report:.Gillette India - Turnaround Likely To Sustain; Valuation Supportive: Nirmal Bang.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gillette India - Elevated Key Commodity Prices To Impact Margins In Near-Term: Axis Securities

We remain cautiously optimistic in the near term as demand is yet to revive.

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