Gillette Pakistan's 9MFY25 profit falls nearly 8%

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.

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