Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Buy Gillette India; target of Rs 4515: Firstcall Research

Brokerage house Firstcall Research is bullish on Gillette India and has recommended buy rating on the stock with a target price of Rs 4515 in its research report dated February 25, 2015.

August 06, 2015 / 04:55 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Firstcall Research's report on Gillette India

"Gillette India Limited reported 16.75% rise in Net Sales in its second quarter Dec results. Net Sales stood at Rs. 4984.70 million compared to Rs. 4269.70 million in corresponding quarter of previous year. Growth in sales was seen across all business segments – Grooming (13%), Oral Care (26%) & Portable Power (29%). The company reported Operating Profit or EBDITA of Rs. 723.20 million in Q2 FY15 compared to Rs. 255.70 million in Q2 FY14. In the same December quarter of FY15, Profit after Tax Jumps to 233.88% y-o-y of Rs. 368.60 million compared to Rs. 110.40 million in the same period previous year. Net profit of the company has shown a three digit growth performance behind productivity driven cost savings and operational excellence. For the six months ended of FY15, the company registered a growth of 15.21% in Net sales to Rs. 9384.50 million from Rs. 8145.70 million for the six months ended of FY14. Net profit grew by 108.33% to Rs 545.40 million for the end of 6M FY15 from Rs 261.80 million for the end of 6M FY14.Gillette, Oral-B & Duracell have strong brand recall & command significant market share in their respective categories. Thus, we recommend ‘BUY’ on the stock with a target price of Rs 4515 for medium term investment", says Firstcall Research Report.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Feb 27, 2015 01:35 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347