Gillette India Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹23,064 Cr
- P/E
- 34.52
- ROE
- 66.50%
- PEG
- 1.11
- Price to sales
- 7.27
- Debt to equity
- 0.00
- 52W high / low
- ₹9,104 / ₹6,899
- Sales growth (5Y)
- 13.04%
- EBITDA margin
- 30.25%
- Net profit margin
- 21.13%
- Promoter holding
- 75.00%
- Sales (last year)
- ₹3,176 Cr
Gillette India Limited is engaged in the manufacturing and selling of packaged fast moving consumer goods under its various brands in the grooming and oral care segment.
Guidance scorecard · Q4 FY26 call
What Gillette India's management guided
and where it ranks in Personal Products
RevenueQ4 FY26 call
10–20%- Gillette India anticipates balanced, sustained growth through its Integrated Growth Strategy.
- The male grooming category is expected to grow around 12% with Gillette aiming to outpace this growth and expand the category.
- Female grooming is growing upwards of 20%, with continued investment to drive category expansion, especially through Venus.
- Oral Care shows high single-digit growth in manual toothbrushes and double-digit growth in powered oral care, expected to continue.
- Innovation is a key driver, with new products launched steadily (e.g., 4 new Oral B Power Oral Care products in 2 years).
- Distribution is expanding, including offline channel reach and e-commerce presence, supporting volume growth.
- Gillette plans to grow faster than the trimmers category, which is expected to develop at early double-digit rates.
2 more points from Gillette India's call on revenue
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MarginsQ4 FY26 call
FlatSee what Gillette India said on margins — free account, 30 seconds.
CapexQ4 FY26 call
- There is a strong emphasis on investment in innovation and product development across categories to attract new users and address evolving consumer needs.
- The company highlights continuous investment in making current products better, alongside launching new products.
- Significant investments are implied in supply chain robustness, productivity, and technology to maintain product availability and efficiency.
- Focus on integrated growth strategy suggests continued financial commitment to brand communication, retail execution, and innovation pipelines.
2 more points from Gillette India's call on capex
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FundraisingQ4 FY26 call
See what Gillette India said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- Innovation pipeline and new product development
- Growth strategies and market outlook
- Impact of macro-economic volatility on raw material costs
- Margin sustainability and productivity programs
- Category-specific growth like oral care, grooming, and female grooming
2 more points from Gillette India's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Personal Products
on management's own guidance
- Strong growth2
- Strong growth1
- Honasa Consumer LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Personal Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,041 Cr | 61.0 | |
| 2 | 40%+ | Flat | ₹400 Cr | 35.6 | |
| 3 | Honasa Consumer Ltd | 20–40% | Up 0–2% | ₹14,745 Cr | 58.4 |
| 4 | 10–20% | Flat | ₹87,493 Cr | 42.1 | |
| 5 | 10–20% | Flat | ₹68,298 Cr | 34.4 | |
| 6 | 10–20% | Flat | ₹16,419 Cr | 21.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Personal Products rankingFinancials of Gillette India
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gillette India
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 619 | 619 | 668 | 639 | 681 | 645 | 782 | 686 | 767 | 707 | 811 | 790 | 792 |
| Expenses + | 485 | 476 | 530 | 483 | 519 | 470 | 591 | 503 | 542 | 496 | 603 | 542 | 515 |
| Operating Profit | 134 | 144 | 138 | 157 | 161 | 176 | 190 | 183 | 226 | 210 | 208 | 248 | 277 |
| OPM % | 22% | 23% | 21% | 25% | 24% | 27% | 24% | 27% | 29% | 30% | 26% | 31% | 35% |
| Other Income + | 12 | 5 | 9 | 7 | 6 | 5 | 7 | 9 | 12 | 7 | 9 | 8 | 5 |
| Interest | 1 | 3 | 1 | 4 | 4 | 4 | 1 | 4 | 3 | 1 | 4 | 4 | 3 |
| Depreciation | 22 | 22 | 20 | 21 | 21 | 21 | 19 | 21 | 25 | 20 | 20 | 19 | 19 |
| Profit before tax | 123 | 124 | 125 | 139 | 143 | 155 | 177 | 167 | 210 | 195 | 193 | 232 | 260 |
| Tax % | 16% | 26% | 26% | 25% | 31% | 25% | 25% | 25% | 24% | 25% | 25% | 26% | 26% |
| Net Profit + | 103 | 92 | 93 | 104 | 99 | 116 | 133 | 126 | 159 | 146 | 144 | 172 | 193 |
| EPS in Rs | 31.52 | 28.16 | 28.45 | 31.90 | 30.41 | 35.59 | 40.82 | 38.66 | 48.70 | 44.71 | 44.08 | 52.93 | 59.08 |
Financials of Gillette India
Profit & Loss
Annual income statement trend
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 9m | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,875 | 1,755 | 1,733 | 1,677 | 1,862 | 1,679 | 1,982 | 2,256 | 2,477 | 2,633 | 2,235 | 3,100 |
| Expenses + | 1,684 | 1,448 | 1,348 | 1,290 | 1,478 | 1,319 | 1,522 | 1,773 | 1,937 | 1,995 | 1,635 | 2,156 |
| Operating Profit | 191 | 306 | 385 | 387 | 384 | 360 | 460 | 483 | 540 | 638 | 600 | 943 |
| OPM % | 10% | 17% | 22% | 23% | 21% | 21% | 23% | 21% | 22% | 24% | 27% | 30% |
| Other Income + | 68 | 50 | 34 | 8 | 11 | 11 | 32 | 7 | 22 | 20 | 27 | 28 |
| Interest | 5 | 6 | 7 | 7 | 8 | 5 | 5 | 11 | 8 | 13 | 9 | 12 |
| Depreciation | 39 | 30 | 38 | 42 | 48 | 51 | 58 | 68 | 81 | 83 | 64 | 79 |
| Profit before tax | 215 | 320 | 374 | 345 | 339 | 314 | 429 | 411 | 473 | 562 | 554 | 880 |
| Tax % | 26% | 33% | 32% | 34% | 25% | 27% | 28% | 30% | 25% | 27% | 25% | 26% |
| Net Profit + | 158 | 214 | 253 | 229 | 253 | 230 | 310 | 289 | 356 | 412 | 418 | 654 |
| EPS in Rs | 48.53 | 65.73 | 77.67 | 70.29 | 77.62 | 70.64 | 95.25 | 88.79 | 109.15 | 126.35 | 128.17 | 200.80 |
| Dividend Payout % | 31% | 60% | 211% | 33% | 57% | 69% | 125% | 78% | 78% | 103% | 87% | 30% |
Financials of Gillette India
Balance Sheet
Capital structure and asset base
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 710 | 904 | 468 | 662 | 746 | 879 | 756 | 829 | 956 | 939 | 991 | 914 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities + | 468 | 488 | 498 | 515 | 432 | 441 | 606 | 758 | 927 | 859 | 895 | 925 |
| Total Liabilities | 1,210 | 1,424 | 998 | 1,209 | 1,210 | 1,352 | 1,395 | 1,619 | 1,916 | 1,831 | 1,918 | 1,871 |
| Fixed Assets + | 156 | 178 | 214 | 264 | 300 | 296 | 310 | 363 | 389 | 347 | 342 | 304 |
| CWIP | 63 | 88 | 63 | 40 | 25 | 21 | 72 | 65 | 32 | 26 | 17 | 33 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 991 | 1,158 | 721 | 904 | 886 | 1,034 | 1,013 | 1,191 | 1,494 | 1,458 | 1,558 | 1,534 |
| Total Assets | 1,210 | 1,424 | 998 | 1,209 | 1,210 | 1,352 | 1,395 | 1,619 | 1,916 | 1,831 | 1,918 | 1,871 |
Financials of Gillette India
Cash Flows
Operating, investing and financing cash movement
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 172 | 279 | 248 | 237 | 134 | 225 | 443 | 462 | 463 | 509 | 328 | |
| Cash from Investing Activity + | -103 | 155 | 14 | -77 | -65 | -29 | -79 | -112 | -67 | -49 | -27 | |
| Cash from Financing Activity + | -58 | -79 | -684 | -39 | -165 | -105 | -430 | -225 | -231 | -440 | -358 | |
| Net Cash Flow | 12 | 356 | -422 | 121 | -95 | 91 | -66 | 125 | 164 | 20 | -58 | |
| Free Cash Flow | 116 | 213 | 190 | 156 | 59 | 190 | 353 | 345 | 384 | 442 | 284 | |
| CFO/OP | 132% | 137% | 102% | 87% | 73% | 85% | 121% | 121% | 109% | 103% | 81% |
Financials of Gillette India
Ratios
Working capital efficiency and return ratios
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 23 | 27 | 38 | 36 | 41 | 36 | 43 | 47 | 38 | 62 | 47 |
| Inventory Days | 87 | 104 | 103 | 105 | 104 | 136 | 152 | 130 | 127 | 131 | 181 | 167 |
| Days Payable | 116 | 137 | 150 | 173 | 126 | 138 | 169 | 193 | 209 | 212 | 260 | 215 |
| Cash Conversion Cycle | -6 | -10 | -19 | -30 | 15 | 40 | 19 | -20 | -35 | -43 | -17 | -1 |
| Working Capital Days | 49 | -10 | -17 | -18 | 15 | 35 | 14 | -0 | -4 | -7 | 13 | 21 |
| ROCE % | 35% | 39% | 54% | 60% | 48% | 38% | 51% | 51% | 52% | 59% | 56% | 91% |
Guidance history
How Gillette India's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | — | — | — |
| Q4 FY25 call → | 10–20% | Flat | — | — | — |
| Q1 FY24 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
20 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −22.3% | 35% |
| Last 6 months | −11.0% | 37% |
| Last 3 months | −7.2% | 52% |
The price is 37.1% below its all-time high of ₹11,258 (18 Jul 2025). Stocks more than 20% below their peak have their score halved, so 39 became 20.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Gillette India: 0.4 × 35 + 0.4 × 37 + 0.2 × 52 = 39, halved to 20 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Gillette India's management said in earlier quarters
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