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Gillette India profit misses consensus by 27.7% in fiscal Q3

Gillette India Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 8.42 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 11.64 rupees per share.

EPS climbed year over year from 2.68 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 274.3 million rupees, an increase from 87.5 million rupees in the prior-year period.

The normalized profit margin rose to 5.5% from 1.9% in the year-earlier period.

Total revenue climbed 8.5% year over year to 4.94 billion rupees from 4.55 billion rupees, and total operating expenses increased on an annual basis to 4.60 billion rupees from 4.52 billion rupees.

Reported net income increased on an annual basis to 307.6 million rupees, or 9.44 rupees per share, from 84.8 million rupees, or 2.60 rupees per share.

As of May 8, US$1 was equivalent to 63.83 Indian rupees.