Gillette (India) Ltd.

Gillette India Limited (GIL) is an India-based company. The Company operates in three
segments: Grooming, which includes blades, razors and toiletries; Portable Power, which
include batteries, and Oral Care, which includes tooth brushes and oral care products. Its
products include razors, cartridges, twin type shaving system and cartridges, blades, safety
razor blades, tooth brush, and batteries. The Company's brands include GILLETTE MACH 3
TURBO, ORAL-B and DURACELL. As of June 30, 2009, it had two manufacturing plants
in Rajasthan and Himachal Pradesh, India.

Gillette (India) Ltd. Key Data :

Ticker: 507815 Country: India

Exchange: BOM Major Industry : Drugs, Cosmetics &
health care
Sub Industry : Cosmetics & Toiletries
2010 Sales: 8,524,800,000 Employees: N/A
(Year Ending Jan 2011)
Currency: Indian Rupees Market Cap : 60,292,427,015
Fiscal Yr Ends: June Shares Outstanding: 32,585,217
Share Type: Common Closely Held Shares: 28,911,849

Stock Data: Recent Stock Performance

Current Price (31/8/2010): 1 Week 1.0% 13 Weeks 1.4%
1,867.90
(Figures in Indian Rupees) 4 Weeks 23.6% 52 Weeks 104.8%
Gillett India ltd. Compared to Peer Group

GILLETTE INDIA LTD. PEER GROUP

Company Sales Curren Change Book P/E Market 52-Week
t
(Rs.Cr.) Price (%) Value Ratio Cap. High/Low
          (Rs.Cr.)  

Paramount Cosmetics (I) Ltd. 22.64 11.91 4.93 36.86 5.93 5.78 12/7
Jyoti Cosmetics (Exim) Ltd. 0.11 1.42 3.65 9.58 0 1.61 2/1
Ador Multiproducts Ltd. 10.26 24.9 1.63 19.98 13.79 5.81 28/14
318.7
Farmax India Ltd. 19.9 32.1 0 1.7 7 745.52 35/10
Amar Remedies Ltd. 298.22 105.15 0 60.86 8.53 275.12 113/35
JHS Svendgaard Laboratories Ltd. 27.85 82.65 0 46.3 20.95 119.43 89/28
Hindustan Unilever Ltd. 20504.28 273.6 0 11.84 27.12 59708.27 296/218
Procter & Gamble Hygiene & Healthcare 190.9
Ltd. 772.81 2210 0 4 39.91 7173.82 2373/1101
GKB Ophthalmics Ltd. 28.46 57.65 0 42.04 14.71 23.95 81/10
Jyothy Laboratories Ltd. 373.2 270.1 0 49.57 27.21 2177.87 295/124
Colgate-Palmolive (India) Ltd. 1750.77 830 0 23.98 26.67 11287.4 868/610
Dabur India Ltd. 2408.33 210.65 0 8.63 42.23 18300.12 219/125
Marico Ltd. 1921.85 123.45 0 9.32 32.24 7577.1 145/84
Emami Ltd. 722.35 455.1 0 40.93 41.63 6886.2 493/193
Godrej Industries Ltd. 811.94 210.35 0 31.79 82.56 6681.24 219/135
Godrej Consumer Products Ltd. 1095.87 399.65 0 25.62 52.12 12932.28 403/209
My Fair Lady Ltd. -0.03 8.31 -0.12 10.9 0 4.42 10/2
523.2
J L Morison (India) Ltd. 114.03 370 -1.29 5 69.11 50.51 475/289
168.6
Fem Care Pharma Ltd. 107.47 980.05 -1.4 7 18.5 345.9 1040/630

Analysis of Annual report

Financial Results:
(Figures in Crores)
2008-09 2007-08
Sales (less excise duty) 661.51 588.84
Other Income 30.01 19.13
Profit before tax & exceptional items 177.02 167.74
Exceptional Items - 14.45
Profit before tax 177.02 182.19
Provision for tax (62.89) (64.82)
Profit after tax 113.13 117.37
Transfer to General Reserve 11.32 11.75
Proposed dividend plus tax thereon 47.65 47.65
Balance carried forward 222.17 177.01
 2010 2009 2008 2007 2006
Key Ratios
Debt-equity Ratio 0 0 0 0 0
Long Term Debt-equity 0 0 0 0 0
Ratio
Current Ratio 2.99 3.06 2.08 1.79 1.91

Turnover Ratios
Fixed Assets 3.21 2.69 2.37 1.82 1.82
Inventory 7.11 6.59 6.52 7.29 10.05
Debtors 12.4 10.78 9.44 9.83 14.99
Interest Cover Ratio 5320 5901.33 0 0 0
PBIDTM (%) 26.16 27.99 32.38 27.08 25.54
PBITM (%) 24.71 26.3 30.07 24.01 22.36
PBDTM (%) 26.15 27.99 32.38 27.08 25.54
CPM (%) 17.37 18.5 21.68 18.94 17.24
APATM (%) 15.92 16.81 19.37 15.86 14.05
ROCE (%) 40.08 38.64 46.42 32.78 32.89
RONW (%) 25.82 24.69 29.9 21.65 20.67

OPERATIONS:
Your Company achieved a healthy double-digit growth during the year ended June 30, 2009.
The total sales (net of excise) at Rs.662 crores are up by 12% when compared to Rs.589
crores of the previous year. The sales in all three business categories have grown with Oral
Care leading by 25%, Personal Grooming by 9% and Portable Power by 10%.

Profit before tax (PBT) at Rs. 177 crores, grew by 5% when compared to PBT of Rs. 168
crores of the previous year. Profit after lax (PAT) at Rs. 113 crores is up 10% when
compared to last year's PAT of Rs.103 crores (excluding the exceptional item of Rs. 14
crores earned through sale of Company's Mysore property).

MANUFACTURING:
During the year , Bhiwadi and Baddi plants have continued to produce at record levels.
Bhiwadi plant had embarked on a new initiative called Integrated Work Systems (IWS).
This new initiative has helped the plant to achieve higher efficiencies on the bottleneck and
focus processes. It has also helped to achieve significant improvements in quality systems
while maintaining highest level of meeting customer requirements and safety records.