Gillette India Q2 Results FY27: Profit Up 10.8%

Results analysis · Consumer goods

Looking for the Gillette India Q2 results FY27? The company reported on 13 November 2026: profit up 10.8% to Rs 159.10 crore, revenue up 4.4% and a wider margin. This page ties the numbers to the base and Q1 FY27, splits grooming from oral care, flags where sources conflict and lists what to check in the filing.

Updated: Friday, 13 November 2026, 2:30 PM IST  |  Reading time: 22 min  |  Next update: after the filing is read or the next quarterly results

Latest update (Friday, 13 November 2026, 2:30 PM IST): Gillette India reported Q2 FY27 results on Friday, 13 November 2026; articles are stamped between 1:03 PM and 1:51 PM IST. Business Upturn, Upstox, Free Press Journal and Multibagg carried the figures. I did not find a dividend, analyst estimate or management commentary on margins, and I have not opened the exchange filing.

In plain words: Gillette India sells razors and grooming products and, since it also sells Oral-B, oral care products. Its profit depends on volumes, the mix between the two businesses, the cost of materials and how much it spends on advertising.

Data note: Figures are as of 13 November 2026, 2:30 PM IST and are standalone. Revenue, profit, expense lines, segments and half-year figures come from Business Upturn and Multibagg (an automated summary); EBITDA and margin figures are derived. Upstox, Free Press Journal and Investywise give rounded headlines. Earlier marks come from my preview. I could not open the exchange filing and derived numbers are my calculation.

What did Gillette India report in the Gillette India Q2 results FY27, and how big was the change?

In the Gillette India Q2 results FY27, standalone net profit was Rs 159.10 crore, up 10.8% from Rs 143.65 crore, and revenue from operations was Rs 846.10 crore, up 4.4% from Rs 810.81 crore, per Business Upturn and Multibagg for the quarter ended 30 September 2026. Profit before tax was Rs 213.67 crore.

The results covered the quarter and half-year ended 30 September 2026 and were approved by the board on 13 November 2026, subject to limited review, per Multibagg. The four articles I read are stamped 1:03 PM, 1:10 PM, 1:21 PM and 1:50 PM IST; I did not find the exact filing time. Every number below is as reported by the sources named, and I have not opened the filing.

Cite this table: Gillette India Q2 FY27 per Business Upturn and Multibagg; EBITDA is profit before tax plus finance cost and depreciation, less other income, derived by Business Upturn and checked by PositionalCalls.

The growth rates tie to their bases: Rs 143.65 crore multiplied by 1.1076 is Rs 159.10 crore, and Rs 810.81 crore multiplied by 1.0435 is Rs 846.10 crore (my calculation). Revenue of Rs 846.10 crore plus other income of Rs 8.37 crore gives total income of Rs 854.47 crore, and less expenses of Rs 640.80 crore gives profit before tax of Rs 213.67 crore. Tax of Rs 54.57 crore, about 25.5% of that, leaves Rs 159.10 crore. Dividing Rs 159.10 crore by EPS of Rs 48.83 implies about 3.258 crore shares (my calculation).

Why do the sources show different numbers for the Gillette India Q2 results FY27?

The sources agree on profit of about Rs 159 crore and revenue of about Rs 846 crore but round growth differently (profit 10% to 11%), disagree on whether the margin expanded or contracted, and one labels the result consolidated. The filing is the final check.

Cite this table: Gillette India Q2 FY27 source differences compared by PositionalCalls; readings are mine. None of the pages was checked against the filing.

The tie-outs favour the Business Upturn and Multibagg set. The margin did expand on the year: 26.83% against 25.65% is an increase of about 118 basis points on Upstox’s own figures, so the word “contracted” in that article does not match its numbers (my reading), though it did fall from Q1. The segment revenues of Rs 679.00 crore and Rs 167.10 crore add up to Rs 846.10 crore, and the half-year segment profits of Rs 365.88 crore and Rs 55.19 crore add up to Rs 421.07 crore, the reported total. I use the standalone basis because the Business Upturn and Multibagg tables, which tie line by line, are standalone; the “consolidated” label on one page is the odd one out.

What was the Q2 FY26 base, and does it tie to the Gillette India Q2 results FY27?

The Q2 FY26 base was net profit of Rs 143.65 crore, profit before tax of Rs 192.72 crore and revenue of Rs 810.81 crore, with a derived EBITDA margin of about 25.6%. These tie to the marks in my preview, so the growth rates compare like with like.

Cite this table: Gillette India Q2 FY26 marks per the preview, Business Upturn, Upstox and Multibagg, 13 November 2026.

The base was not a weak one. Q2 FY26 profit was itself 8% above the year before, so Q2 FY27 profit of Rs 159.10 crore adds 10.8% growth to that 8% (my calculation). The preview noted that Q1 FY27 profit of Rs 159.45 crore was already 11.0% above this base; Q2 profit lands at almost the same level.

How do the Gillette India Q2 results FY27 compare with Q1 FY27?

Against Q1 FY27, revenue rose 8.1% to Rs 846.10 crore but profit before tax and net profit were flat, each down about 0.2%, per Business Upturn. Derived EBITDA was Rs 227.36 crore against Rs 227.79 crore, so the margin fell from 29.1% to 26.9%.

Cite this table: Gillette India Q2 FY27 against Q1 FY27 per Business Upturn; Q1 EPS and revenue also match my preview.

Q1 and Q2 net profit add up to Rs 318.55 crore, which is the half-year figure, and the two EPS figures add up to Rs 97.76, the reported half-year EPS, so the sequential set ties (my calculation). Revenue grew 8.1% on the quarter while profit did not move, because the cost of materials rose faster than sales; the Q1 operating margin of 29.09% in my preview matches the derived Q1 margin here.

What do grooming and oral care show in the Gillette India Q2 results FY27?

Grooming earned Rs 679.00 crore of revenue, up 2.0%, and a segment profit of Rs 192.43 crore, up 18.5%, while oral care earned Rs 167.10 crore of revenue, up 15.3%, but a segment profit of Rs 17.48 crore, down 31.8%, per Multibagg.

Cite this table: Gillette India segments per Multibagg; Q1 FY27 is the half-year figure less Q2, my derivation, and ties to the margins in my preview.

The sources I read give two views of the same quarter. Free Press Journal and Investywise describe “double-digit” oral care growth and a productivity programme that offset commodity costs, which fits oral care revenue of Rs 167.10 crore, up 15.3%. The segment table adds what those headlines leave out: the oral care margin fell to 10.5%, from 17.7% a year ago and 24.4% in Q1, and grooming carried the profit. Grooming profit rose Rs 30.05 crore on the year while oral care profit fell Rs 8.15 crore, a net gain of Rs 21.90 crore (my calculation). Grooming is 80.3% of revenue against 82.1% a year earlier.

The segment lines come from Multibagg, an automated summary page, and only that page gives them, so I treat them as indicative until the filing or investor presentation is read. I checked the sums rather than the source: segment revenue adds to Rs 846.10 crore in both periods and the half-year segment profits add to the reported Rs 421.07 crore, and the derived Q1 margins match the preview’s Q1 figures of 27.59% and 24.43%.

What do costs and margin show in the Gillette India Q2 results FY27?

Total expenses rose only 2.2% to Rs 640.80 crore, but the mix shifted: materials consumed fell 33.1% to Rs 166.11 crore while purchases of traded goods rose 84.0% to Rs 210.45 crore. Advertising fell 3.7% to Rs 108.21 crore, about 12.8% of revenue, per Business Upturn.

Cite this table: Gillette India Q2 FY27 costs per Business Upturn; shares of revenue by PositionalCalls.

Materials consumed and traded goods together were Rs 376.56 crore, about 3.8% above the year-ago sum of roughly Rs 362.6 crore (my calculation, the year-ago traded goods figure derived from the reported 84.0%). That is the real change, not the two headline moves: the company bought more finished goods and made fewer, but the pages give no reason, so I do not guess one. Lower advertising, employee and other expenses cut about 2.3 points of revenue from costs, more than the 1.1-point rise in material costs (43.5% against 42.4%, per Business Upturn), which is why the margin widened on the year; material costs were 37.5% in Q1, which is why it fell from there. FPJ attributes the offset of commodity costs to a productivity programme; I could not check that.

What moved profit before tax in the Gillette India Q2 results FY27?

Profit before tax rose Rs 20.95 crore, from Rs 192.72 crore to Rs 213.67 crore. Grooming added Rs 30.05 crore, oral care took away Rs 8.15 crore, other income took away Rs 0.34 crore and unallocated items Rs 0.61 crore (my calculation).

Cite this table: Gillette India profit before tax bridge calculated by PositionalCalls from Business Upturn and Multibagg figures; the residual is not a reported line.

Grooming supplied more than the whole gain, which is why a 4.4% rise in revenue became a 10.9% rise in profit before tax. The tax rate was 25.5% in both periods, so net profit grew at nearly the same rate, 10.8% against 10.9%, and the share count did not change, which is why EPS grew 10.8% too (my calculation).

What do cash flow and dividends show in the Gillette India Q2 results FY27?

Net operating cash flow for the half-year was Rs 575.39 crore against Rs 354.38 crore a year earlier, 1.8 times the half-year profit of Rs 318.55 crore, and dividends paid were Rs 195.51 crore. I found no dividend declared with the results.

Cite this table: Gillette India half-year figures per Multibagg and Business Upturn; per-share amounts calculated by PositionalCalls.

Dividends paid of Rs 195.51 crore divided by about 3.258 crore shares is Rs 60.0 a share, which matches the final dividend of Rs 60 for FY26 noted in my preview (BW Retail World), so that payment fell in this half-year (my calculation). The preview found no dividend on the 13 November agenda, and none of the five pages mentions an interim dividend. Without a declared amount or record date I do not infer one; check the board outcome on NSE or BSE. For how a dividend is taxed, see dividend tax in India.

The strong half-year cash flow is only the statement’s reported line; the pages do not say what drove it, such as working capital, so I read it as a figure to explain in the filing and not as a trend.

What do the reports not show about the Gillette India Q2 results FY27?

The reports I read do not show the exact filing time, a reported EBITDA, management commentary on margins, a dividend, an analyst estimate, or the filing text. Only Multibagg gives segment figures, and one page labels the result consolidated.

Cite this table: Gillette India items not found in the pages read, PositionalCalls, 13 November 2026.

Upstox reports a share price of Rs 7,335 on the NSE after the results, down 1.81%, which implies a market value of about Rs 23,900 crore on 3.258 crore shares (my calculation). I do not read a verdict into one day’s move, and the price will have changed.

What did the preview say, and how did the Gillette India Q2 results FY27 compare?

The preview recorded a Q2 FY26 profit base of Rs 143.65 crore, Q1 FY27 profit of Rs 159.45 crore and a Q1 operating margin of 29.09%. The result beat the base by 10.8%, matched Q1 profit within 0.2%, and showed a lower margin of 26.9%. No dividend was on the agenda and none was found.

Cite this table: Gillette India preview marks against the result, PositionalCalls, 13 November 2026.

The preview carried no profit estimate, so there is nothing to beat or miss. It called the base easy because Q1 profit was already 11.0% above it, and the result bears that out: Q2 profit is 10.8% above the base and level with Q1. Read the preview at Gillette India Q2 results date FY27.

What does the arithmetic show for the Gillette India Q2 results FY27?

At a 25.5% tax rate and about 3.258 crore shares, each 100 basis points of margin on Q2 revenue is worth about Rs 8.46 crore of operating profit, Rs 6.3 crore after tax and Rs 1.93 of EPS. If oral care returned to its Q1 margin the gain would be about Rs 23 crore before tax. This is my arithmetic.

Cite this table: Gillette India sensitivity arithmetic by PositionalCalls from Business Upturn and Multibagg figures; one quarter, other lines fixed. Not an estimate.

These are effects on one quarter’s figures, not forecasts. They show that the oral care margin and the grooming margin are worth far more than the tax rate: a recovery in oral care to the Q1 level would add about 2.8 points of group margin, while a slip in grooming to last year’s level would erase more than the whole quarterly gain.

Two worked examples for a Gillette India Q2 results FY27 reader

Example 1, flat on Q1. Profit of Rs 159.10 crore against Rs 159.45 crore is down 0.2% while revenue rose 8.1%, so growth in sales did not reach profit this quarter. Example 2, a mix change. Grooming revenue grew 2.0% and oral care 15.3%; the faster-growing, lower-margin segment carries 19.7% of revenue, up from 17.9% (my calculation).

How do I read the next Gillette India results after this one?

On the next results read, in this order: grooming and oral care segment profit, derived margin, materials and traded goods, advertising, employee costs, other income, cash flow and the dividend. Compare each with the marks in this page.

Cite this table: Gillette India reading order, PositionalCalls.

Any Gillette India Q2 results FY27 piece you read elsewhere should state whether it is standalone, which profit line it uses and whether its EBITDA is reported or derived. If it does not, you cannot compare its margin with this page.

How do I read the Gillette India filing and avoid fake tips?

Open the NSE or BSE announcement for Gillette India Limited, not a link in a message, and read the results table, the segment note and the cash flow statement. Treat any tip that asks for an OTP, payment or login, or promises a target, as fake.

1. Open the exchange announcement page for Gillette India Limited.
2. Read the unaudited standalone results for the quarter ended 30 September 2026.
3. Note revenue, expenses, other income, profit before tax and tax.
4. Compare with Rs 846.10 crore, Rs 213.67 crore and Rs 159.10 crore.
5. Read the segment note for grooming and oral care.
6. Check the board outcome for any dividend.

PositionalCalls is not SEBI-registered, gives no buy or sell calls and never asks for payment. Nothing here is investment advice.

What do most people miss in the Gillette India Q2 results FY27?

Most readers of the Gillette India Q2 results FY27 miss that profit was flat on Q1, that oral care profit fell 31.8% under a double-digit growth headline, that EBITDA is derived and not reported, and that traded goods purchases rose 84%.

Gillette India Q2 results FY27: frequently asked questions

Sources

• NSE India: corporate announcements: results notices.
• BSE India: corporate announcements: the results filing.
• Business Upturn: Gillette India Q2 profit rises 10.8% to Rs 159 crore, 13 November 2026, 1:10 PM IST, updated 1:51 PM IST.
• Multibagg: Gillette India profit rises 11% as grooming counters oral-care decline, 13 November 2026, 1:03 PM IST; automated summary.
• Upstox: Gillette India Q2 FY27 results, 13 November 2026, updated 1:50 PM IST.
• Free Press Journal: Gillette India posts Rs 846 crore revenue in Q2, 13 November 2026, 1:21 PM IST.
• Investywise: Gillette India reports Q2 FY27 unaudited financial results, 13 November 2026; cites a BSE filing.
• PositionalCalls: Gillette India Q2 results date FY27 preview, 12 November 2026.

Disclosure: PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. PositionalCalls is an independent research and education site founded by Shubham Chaudhary. Nothing here is a recommendation, target or investment advice. How I researched this: for this page on the Gillette India Q2 results FY27 I read Business Upturn, Upstox, Investywise, Free Press Journal and Multibagg, noted where sources differ, and marked every derived number as my calculation. I did not open any company filing or exchange document. Figures are as of 13 November 2026, 2:30 PM IST.