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Gillette India slides after weak quarterly earnings
Published on Mon Aug 29, 2011 at 11:29 AM

The company declared its results after market hours on Friday, 26 August 2011.

Meanwhile, the BSE Sensex was up 414.33 points, or 2.49% to 16,263.16.

On BSE, 137 shares were traded in the counter as against an average daily volume of 1,293 shares in the past one quarter.

The stock hit high of Rs 1999.95 and a low of Rs 1953.15 so far during the day. The stock had hit a 52-week high of Rs 2314.85 on 26 July 2011 and a 52-week low of Rs 1487.30 on 10 February 2011.

The stock had outperformed the market over the past one month till 26 August 2011, declining 12.70% compared with the Sensex`s 14.41% fall. The scrip had also outperformed the market in past one quarter, rising 8.18% as against 12.17% decline in the Sensex.

The mid-cap personal care products maker has an equity capital of Rs 32.59 crore. Face value per share is Rs 10.

Gillette India`s net profit fell 37.2% to Rs 86.15 crore on 24% rise in net sales to Rs 1056.86 crore in the year ended June 2011 over the year ended June 2010.

At the time of announcing results, the board of directors of the company recommended a dividend of Rs 15 per share for the year ended 30 June 2011.

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