Gillette Pakistan's 9MFY25 profit falls nearly 8%
 
 MG News | April 18, 2025 at 04:57 PM GMT+05:00
April 18, 2025 (MLN): Gillette Pakistan Limited (PSX: GLPL) has reported a 7.97% decline in net profit for the nine-month period ended March 31, 2025, reaching Rs30.1 million compared to Rs32.7m in the same period last year.
The earnings per share (EPS) dropped to Rs0.94 from Rs1.03, reflecting a slight deterioration in financial performance despite a strong 44.03% increase in revenue, which rose to Rs1.56 billion from Rs1.08bn in the prior year.
However, the 88.22% surge in the cost of goods sold, amounting to Rs1.15bn, significantly dented profitability, leading to a 13.54% drop in gross profit, which stood at Rs405.4m.
While selling, marketing, and distribution expenses were reduced by 58.62%, and administrative expenses declined by 7.32%, other operating expenses more than doubled rising by 140.41% to Rs71m putting further pressure on the bottom line.
Other income fell sharply by 56.96% to Rs47.2m, while interest expense decreased by 11.89% to Rs142.3m. Bank charges dropped by 93.71% to just Rs0.1m.
The company’s profit before tax declined by 33.28% to Rs75.9m, while income tax expense decreased by 43.49% to Rs45.8m, offering some relief.
Despite these adjustments, total comprehensive income for the period fell to Rs30.1m, while the EPS contraction of 8.74% reflects ongoing profitability challenges amid rising operational costs and declining non-core income.
| Condensed Statement of Profit or Loss (Rupees '000') | |||
| Particulars | Mar-25 | Mar-24 | %Change | 
| Revenue from contract with customers - net | 1,555,124 | 1,079,702 | 44.03% | 
| Cost of goods sold | (1,149,740) | (610,851) | 88.22% | 
| Gross profit | 405,384 | 468,851 | -13.54% | 
| Selling, marketing and distribution expenses | (71,621) | (173,086) | -58.62% | 
| Administrative expenses | (91,749) | (98,998) | -7.32% | 
| Other operating expenses | (70,956) | (29,514) | 140.41% | 
| Other income | 47,249 | 109,787 | -56.96% | 
| Interest expense | (142,294) | (161,499) | -11.89% | 
| Bank charges | (112) | (1,781) | -93.71% | 
| Profit before tax | 75,901 | 113,760 | -33.28% | 
| Income tax expense | (45,800) | (81,052) | -43.49% | 
| Profit after tax | 30,101 | 32,708 | -7.97% | 
| Other comprehensive income for the period | - | - | |
| Items that may be reclassified to the statement of P&L | - | - | |
| Items that will not be reclassified to the statement of P&L | - | - | |
| Remeasurement of retirement benefit obligation | - | - | |
| Total comprehensive income for the period | 30,101 | 32,708 | -7.97% | 
| Earnings per share - basic and diluted | 0.94 | 1.03 | -8.74% | 
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg | 
|---|---|---|
| KSE100 | 161,631.73 405.31M | 3.13% 4898.86 | 
| ALLSHR | 98,254.73 941.06M | 2.71% 2590.07 | 
| KSE30 | 49,377.29 211.08M | 3.40% 1624.91 | 
| KMI30 | 232,700.28 120.66M | 2.88% 6525.03 | 
| KMIALLSHR | 64,179.60 396.69M | 2.39% 1496.52 | 
| BKTi | 46,334.17 103.10M | 5.56% 2441.42 | 
| OGTi | 31,362.73 10.58M | 1.56% 482.31 | 
| Symbol | Bid/Ask | High/Low | 
|---|
| Name | Last | High/Low | Chg/%Chg | 
|---|---|---|---|
| BITCOIN FUTURES | 110,215.00 | 110,955.00 107,835.00 | 3260.00 3.05% | 
| BRENT CRUDE | 64.19 | 64.33 63.81 | -0.18 -0.28% | 
| RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -1.50 -1.83% | 
| ROTTERDAM COAL MONTHLY | 93.00 | 0.00 0.00 | -0.15 -0.16% | 
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% | 
| CRUDE OIL - WTI | 60.39 | 60.53 59.99 | -0.18 -0.30% | 
| SUGAR #11 WORLD | 14.27 | 14.41 14.21 | -0.01 -0.07% | 
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg | 
|---|
| Name | Last | Chg/%Chg | 
|---|
 
                     
                                                 
                                                 
                                                 Total Advances, Deposits & Investments of Scheduled Banks
 Total Advances, Deposits & Investments of Scheduled Banks