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Gillette India profit beats consensusin fiscal Q2

Gillette India Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 11.33 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.76 rupees per share.

EPS increased year over year from 3.35 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 369.3 million rupees, a gain from 109.0 million rupees in the prior-year period.

The normalized profit margin rose to 7.4% from 2.6% in the year-earlier period.

Total revenue increased 16.7% on an annual basis to 4.98 billion rupees from 4.27 billion rupees, and total operating expenses rose 6.0% on an annual basis to 4.43 billion rupees from 4.18 billion rupees.

Reported net income rose from the prior-year period to 368.6 million rupees, or 11.31 rupees per share, from 110.4 million rupees, or 3.39 rupees per share.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.