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Gillette India
Gillette India is primarily a FMCG (Fast Moving Consumer Goods) company dealing with items of personal grooming specially for men.
In 2005, Gillette was acquired by Procter and Gamble (P & G) which is the largest consumer goods company in the United States. The deal was sealed at nearly US $ 55 billion which created the world's largest consumer product business. The takeover was later approved by the European Union.
However this did not result in a direct merger between Gillette India and P & G India, although it was decided to restructure the operations of Gillette India in line with the policies and practices of P & G.
Finally, on 10th June, 2006, Gillette India was acquired by P & G.
Activities
Gillette India Limited operates in three segments:
Grooming – Manufactures blades,razors and toiletries.
Oral Care – Manufactures toothbrushes and oral care products
Portable Power - Manufactures batteries,torches and lamps
Some of the renowned popular razors from Gillette used in India include:
Gillette Presto “Readyshaver” - Priced lowly thus targeting the low-income group of consumers.
Gillette Sensor Excel – Targeted for the middle-income group
Gillette Mach 3 – Targeted for the high-income group
Performance
Being the market leader in shaving products for men, Gillette India has reported a 12.25 % increase in net profit. In terms of absolute figures, net profit was INR 6.87 billion, or Rs 21.09 per share, for the financial year ended December, 2005 as compared to INR 6.12 billion, or Rs18.79 per share, for the previous year.
Total revenues for the year recorded an increase of 10.76 % from INR 4.252 billion to INR 4.709 billion in the respective years.
Infrastructure
Gillette India has its plants located in the states of Rajasthan,Haryana and Karnataka.
Organization
Gillette India Ltd. is headed by its Chairman, Mr. Saroj K. Poddar.
Although Gillette India previously had its headquarters in Gurgaon, but after the its takeover by P & G in the US, its Indian counterpart decided to shift its office to Mumbai.
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