Latest news with #GIL
CNBC
17-06-2025
- Business
- CNBC
UBS says one retail stock may benefit from China tariffs and could rise as much as 80% as a result
Gildan Activewear could be a winner if President Donald Trump's 55% tariff on China stands , according to UBS. "Our view is tariffs are a negative for almost all softline companies," analyst Jay Sole wrote in recent note. "One exception is Gildan Activewear. This company has opportunities to take market share because of tariffs." The firm reiterated a buy rating on the apparel stock, alongside a $56 per share price target. UBS' forecast implies about 14% upside from Monday's $47.86 close. UBS' upside case for Gildan stock calls for a return of more than 80%, Sole added. GIL YTD mountain Gildan Activewear stock in 2025. The analyst pointed to Gildan's sourcing in South America as a potential way for the company to pay a less than 10% tariff on goods coming into the U.S. Companies could choose to partner with Gildan as a result, in order to fulfill production needs, the analyst said. "GIL is a vertically-integrated manufacturer, producing items such as t-shirts and fleece mainly in its own factories in Central America where tariffs are materially lower," Sole said. Shares have pulled back about 4% in 2025 amid the trade talks uncertainty. "We believe the idea GIL will take market share as Softline companies currently sourcing in China look for ways to mitigate tariff expense is not in GIL's stock price, even though GIL indicated share gains are possible on its last earnings call," he added. "We have high conviction in this view based on our conversations with investors." In April, Citi analyst Paul Lejuez echoed a similar sentiment on Gildan stock over the company's South American production capabilities.
Fashion Network
30-05-2025
- Business
- Fashion Network
Gillette India Q4 net profit rises 60 percent to Rs 159 crore
Gillette India Limited (GIL) reported a net profit increase of 60 percent to Rs 159 crore ($18.7 million) in the March quarter of financial year 2024-25, compared to Rs 99 crore in the corresponding quarter of the previous financial year. The company's revenue for the quarter rose by 12 percent to Rs 767 crore, as against Rs 681 crore in the corresponding quarter of the previous fiscal year. For the financial year 2024-25, GIL reported sales of Rs 767 crore recording a profit after tax of Rs 418 crore. Commenting on the results, V Kumar, managing director of GIL in a statement said, 'The growth has been led by our grooming category. The consistent results year-on-year have been enabled by our teams' superior execution of the integrated strategy which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organisation – all aimed at delivering sustainable, balanced growth and value creation.' Gillette India is engaged in the manufacturing and sale of fast-moving consumer goods with strong presence in the grooming segment.
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Business Standard
26-05-2025
- Business
- Business Standard
Gillette India net profit rises 60% to ₹159 cr, revenue grows 12%
Gillette India Limited (GIL) reported a net profit increase of 60 per cent to ₹159 crore in the March quarter of financial year 2024-25, compared to ₹99 crore in the corresponding quarter of the previous financial year. The revenue from operations rose by 12 per cent to ₹767.47 crore in the quarter under review, compared to ₹680.74 crore in the March quarter last year. GIL concluded FY 2024-25 with sales of ₹767 crore, reflecting a 13 per cent growth over the prior year. The Board of Directors has proposed a final dividend of ₹47 per equity share for the financial year ended 31 March 2025, pending shareholder approval at the upcoming 41st Annual General Meeting. Including the interim dividend of ₹65 per share, the total dividend for the fiscal year amounts to ₹112 per share. The company also changed its financial year timeline. 'Effective this year, we have changed our financial year from 1 July – 30 June to 1 April – 31 March. The current financial year of the company covers a period of nine months, from 1 July 2024 to 31 March 2025,' it said. The company's performance has therefore been indexed versus the comparable nine-month period in the previous year (1 July 2023 to 31 March 2024). The performance versus a 12-month past fiscal will not be comparable. For the nine months ended 31 March 2025, GIL posted sales of ₹2,235 crore, representing a 12 per cent increase compared to the corresponding nine-month period last year. 'Driven by strong topline growth as well as deliberate productivity interventions to fuel superiority across the portfolio,' the company said in an exchange filing. V Kumar, Managing Director, GIL, said, 'The growth has been led by our Grooming category. The consistent results year-on-year have been enabled by our teams' superior execution of the integrated strategy which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organisation – all aimed at delivering sustainable, balanced growth and value creation.'
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Business Standard
26-05-2025
- Business
- Business Standard
Gillette India Q4 results: Net profit rises 60% to ₹159 cr, revenue up 12%
Gillette India Limited (GIL) net profit increased by 60 per cent to ₹159 crore in the fourth quarter of financial year 2024-25, it ₹99 crore in the corresponding quarter of previous financial year. The revenue from operations rose by 12 per cent to ₹767.47 crore in the Q4FY25, it was ₹680.74 crore in the same quarter last year. GIL concluded FY 2024-25 with sales of ₹767 crore, reflecting a 13 per cent growth over the prior year. The Board of Directors has proposed a final dividend of ₹47 per Equity Share for the financial year ended March 31, 2025, pending shareholder approval at the upcoming 41st Annual General Meeting. Including the interim dividend of ₹65 per share, the total dividend for the fiscal year amounts to ₹112 per share. GIL recorded a profit after tax (PAT) of ₹418 crore for the fiscal year, reflecting a 41 per cent increase compared to the same period last year. The company performance has therefore been indexed versus the comparable 9-month period in the last year (July 1, 2023, to March 31, 2024). The performance versus a 12-month past fiscal will not be comparable. For the nine months ended March 31, 2025, GIL posted sales of ₹2,235 crore, representing a 12 per cent increase compared to the corresponding nine-month period last year. ''Driven by strong topline growth as well as deliberate productivity interventions to fuel superiority across the portfolio.'' the company said in an exchange filing. V Kumar, Managing Director, GIL, said, 'The growth has been led by our Grooming category. The consistent results year-on-year have been enabled by our teams' superior execution of the integrated strategy which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization – all aimed at delivering sustainable, balanced growth and value creation.'.
