The rise in the net profit was due to one-time tax impacts. In a challenging cost environment, the company continued to make sequential progress in profit growth with PAT recording 12% growth operationally versus a year ago, fueled by top-line growth, premiumization and productivity interventions.

Revenue form operations grew by 9.3% year on year to Rs 619.07 crore during the quarter. The increase in the sales was mainly driven by strong brand fundamentals, strength of product portfolio, superior innovation, and improved retail execution.

The company said that it continued to maintain market leadership, recording highest-ever share in the quarter.

Profit before tax stood at Rs 122.87 crore in the quarter ended 31 March 2023, up 11.7% from Rs 110.03 crore reported in the same period a year ago.

During the quarter, the company's revenue from Grooming was at Rs 491.35 crore (up 10.01% YoY) and revenue from Oral Care stood at Rs 127.72 crore (up 6.55% YoY).

LV Vaidyanathan, managing director, Gillette India, said, “We have continued to deliver strong growth in sales and profit, despite a challenging operating environment. We remain committed to our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization structure. These strategies build on each other and have collectively aided us in driving and sustaining a strong momentum. Our team's strong execution of these strategies has enabled four quarters of consistent sales and profit growth. We're confident they remain the right strategies to deliver balanced growth and value creation going forward.”

Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power and oral care businesses.

Shares of Gillette India declined 1.18% to Rs 4,583.25 on the BSE.