Gillette_India_Limited_AR_20

Annual Report 2019-20 5 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited Your Directors have the pleasure of presenting the 36 th Annual Report and the Audited Financial Statements of the Company for the Financial Year ended June 30, 2020. FINANCIAL RESULTS (Figures in ` Crores) Particulars 2019-20 2018-19 Revenue from operations 1,679 1,862 Profit before tax (PBT) 314 339 Profit after tax (PAT) 230 253 FINANCIAL YEAR The Company's Financial Year is July 1 st to June 30 th . DIVIDEND Your Directors are pleased to recommend a final dividend of ` 49 per Equity Share for the Financial Year ended June 30, 2020. This dividend proposal is subject to approval of the members at the ensuing 36 th Annual General Meeting. BUSINESS PERFORMANCE During the Financial Year, business operations were disrupted across the country following the nation- wide lockdown imposed to contain the spread of COVID-19. In this Financial Year, your Company delivered sales of ₹ 1,679 crores, down 10% vs year ago and Profit After Tax (PAT) of ₹ 230 crores, down 9% vs year ago. GROOMING In the men’s grooming business, Gillette continues to be the market leader. Our irresistible superiority on product and commercial innovations continued to add millions of new users to the Gillette franchise. This year, we launched Gillette SkinGuard , a premium system razor that provides the smoothest shave. We REPORT OF THE DIRECTORS also launched Guard Personal Care portfolio, an entry tier pre- shave range of products. Gillette Guard , our pioneering entry- level system, registered its strongest year-on-year value, volume and share growth behind strong awareness, activation and go- to-market plans. Gillette Double Edge blades continued to grow behind the new Gillette Winner brand launch. In the brand’s female grooming portfolio, Gillette Venus , registered its strongest year-on-year value, volume and share growth. As a result of key interventions across the Gillette portfolio, we recorded our highest-ever market share in the Blades and Razors category this Financial Year.