Gillette India Limited (GILLETTE) AI Stock Analysis

• Market Cap: ₹258.24B
• Dividend Yield: 1.39%
• Average Volume (3M): 1.86K
• Price to Earnings (P/E): 39.5
• Beta (1Y): 0.68
• Revenue Growth: 7.42%
• EPS Growth: 22.99%
• Country: IN
• Employees: 523
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): N/A
• Shares Outstanding: 32,585,217
• 10 Day Avg. Volume: 3,476
• 30 Day Avg. Volume: 1,858
• PEG Ratio: 1.33
• Price to Book (P/B): 25.46
• Price to Sales (P/S): 8.74
• P/FCF Ratio: 86.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 184.3
• Revenue Forecast (FY): ₹31.27B

• Rating: 56 Neutral
• Price Target: ₹8,966.00 ▲(10.51% Upside)
• Action: Reiterated Date: 11/05/25
• Date: Action: Reiterated 11/05/25

The overall stock score for Gillette India Limited is primarily influenced by its strong financial performance, which is offset by bearish technical indicators and a high valuation. The lack of earnings call data and corporate events means these factors do not contribute to the score.

Positive Factors

Recurring Revenue Model

Gillette India’s core business depends on razors plus recurring replacement blades, creating predictable repeat purchase behavior. That recurring revenue base supports stable top-line visibility, durable customer loyalty and steady aftermarket demand that underpins cash flow and planning over months.

High Profitability Margins

Sustained high gross and operating margins reflect pricing power, brand premium and efficient operations. Such margin durability allows the company to absorb input cost swings, reinvest in product innovation and maintain profitability even with modest top-line growth, supporting long-term cash generation.

Strong Balance Sheet & ROE

Minimal leverage and an equity-heavy capital structure limit financial risk and borrowing needs. Very high ROE indicates efficient use of shareholders' capital to generate profits, enabling capacity for investment, dividend continuity or share returns without stressing solvency over the medium term.

Negative Factors

Decline in Free Cash Flow Growth

A 34% drop in free cash flow growth weakens the company’s immediate cash flexibility despite good cash conversion ratios. Persisting declines could limit reinvestment, reduce buffer for pricing or promotional spend, and constrain capacity to sustain dividends or fund strategic initiatives.

Moderate Cash Conversion

Operating cash converts at under half of reported net income, signalling potential working capital volatility or timing differences. Over months this can pressure liquidity metrics and reveal earnings that are less cash-backed, making sustained capital allocation decisions more cautious.

Concentrated Product Exposure

Heavy reliance on shaving systems and replacement blades concentrates revenue risk in one category. Structural shifts in grooming habits, increased private-label competition or channel disruption would disproportionately affect growth, limiting diversification and raising longer-term demand vulnerability.

Gillette India Limited Business Overview & Revenue Model

Company Description

Gillette India Limited manufactures and sells grooming and oral care products in India and internationally. The company offers shaving system and cartridges, blades, toiletries, razors, and components; and toothbrushes and oral care products. It also provides female grooming products under the Gillette Venus name; and body shaving and trimming, skin care, and aftershave products. The company sells its products primarily under the Gillette and Oral-B brands. It markets and sells its products through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, and high frequency stores. Gillette India Limited was incorporated in 1984 and is based in Mumbai, India.

How the Company Makes Money

Gillette India Limited generates revenue through the sale of its grooming products, primarily razors and blades, which are sold through various distribution channels including retail stores, e-commerce platforms, and direct sales. The company's revenue model is anchored in its strong brand equity and extensive marketing strategies that promote product innovation and customer loyalty. Key revenue streams include the sale of disposable and refillable razors, as well as complementary products like shaving gels and creams. Significant partnerships with retailers and online marketplaces enhance distribution reach and drive sales. Additionally, GILLETTE invests in advertising and promotions to maintain its market position and attract new customers, further contributing to its earnings.

Gillette India Limited Financial Statement Overview

Summary

Gillette India Limited exhibits strong financial health with robust revenue growth and high profitability margins. The balance sheet is stable with minimal leverage and high returns on equity. However, the decline in free cash flow growth is a concern, slightly impacting the overall financial performance score.

Income Statement

Gillette India Limited has demonstrated strong revenue growth with a 6.67% increase in the latest period. The company maintains robust profitability margins, with a gross profit margin of 50.23% and a net profit margin of 18.69%. The EBIT margin of 25.18% and EBITDA margin of 28.05% indicate efficient operational management. Overall, the income statement reflects a healthy financial performance with consistent growth and profitability.

Balance Sheet

The balance sheet of Gillette India Limited shows a very low debt-to-equity ratio, indicating minimal leverage and financial risk. The return on equity is impressive at 54.43%, showcasing effective use of shareholder funds to generate profits. The equity ratio is strong, reflecting a solid capital structure. Overall, the balance sheet is stable with low leverage and high returns on equity.

Cash Flow

The cash flow statement reveals a decline in free cash flow growth by 34.23%, which is a concern. However, the company maintains a healthy free cash flow to net income ratio of 87.39%, indicating good cash conversion. The operating cash flow to net income ratio is moderate at 44.25%. While cash flow generation is strong, the recent decline in free cash flow growth warrants attention.

Breakdown	TTM	Mar 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	29.71B	29.80B	26.33B	24.77B	22.56B	20.09B
Gross Profit	16.93B	14.97B	14.82B	9.06B	8.68B	11.20B
EBITDA	8.63B	8.36B	6.54B	5.61B	4.90B	4.87B
Net Income	5.74B	5.57B	4.12B	3.56B	2.89B	3.10B
Balance Sheet
Total Assets	21.49B	19.18B	18.31B	19.16B	16.19B	13.95B
Cash, Cash Equivalents and Short-Term Investments	5.92B	4.19B	4.73B	4.53B	2.89B	1.64B
Total Debt	500.00K	500.00K	500.00K	500.00K	1.20M	1.60M
Total Liabilities	9.87B	8.95B	8.59B	9.27B	7.58B	6.06B
Stockholders Equity	11.63B	10.23B	9.71B	9.89B	8.61B	7.89B
Cash Flow
Free Cash Flow	3.77B	3.02B	4.42B	3.84B	3.45B	3.53B
Operating Cash Flow	4.22B	3.46B	5.09B	4.63B	4.62B	4.43B
Investing Cash Flow	-260.00M	-435.20M	-491.50M	-666.70M	-1.12B	-793.50M
Financing Cash Flow	-3.65B	-3.58B	-4.40B	-2.31B	-2.25B	-4.30B

Gillette India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8113.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GILLETTE, the sentiment is Negative. The current price of 8113.35 is below the 20-day moving average (MA) of 8301.40, below the 50-day MA of 8212.95, and below the 200-day MA of 9136.03, indicating a bearish trend. The MACD of -102.80 indicates Positive momentum. The RSI at 38.92 is Neutral, neither overbought nor oversold. The STOCH value of 45.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GILLETTE.

Gillette India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PGHL	73 Outperform	₹81.26B	30.50	―	3.28%	3.01%	22.98%
COLPAL	70 Outperform	₹527.64B	43.58	―	2.42%	-2.06%	-9.74%
PGEL	64 Neutral	₹144.71B	65.71	―	0.08%	39.89%	22.90%
WELSPUNLIV	64 Neutral	₹104.88B	14,854.71	―	1.25%	-5.37%	-49.71%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GILLETTE	56 Neutral	₹258.24B	39.50	―	1.39%	7.42%	22.99%
GODREJIND	54 Neutral	₹289.94B	41.28	―	―	16.77%	137.93%

Gillette India Limited Corporate Events

Gillette India Faces Refusal of Key Environmental Approvals at Bhiwadi Plant

Gillette India Limited has disclosed that the Rajasthan State Pollution Control Board has refused to grant Consent to Operate for its Bhiwadi manufacturing facility and declined renewal of its authorization under Hazardous Waste Management Rules, following the company’s application for renewals. The company is assessing legal options and engaging with the state regulator, with potential implications for its manufacturing continuity and supply chain if the issues at the Bhiwadi plant are not resolved, and has committed to updating the stock exchanges on any material developments.

The refusal of environmental approvals for Gillette India’s Bhiwadi facility underscores rising regulatory scrutiny on industrial operations and compliance with pollution and hazardous waste norms. Any prolonged disruption at this site could affect production planning and may influence investor perceptions of regulatory risk, making the company’s legal and regulatory strategy critical for operational stability.