Gillette India Limited’ s shares have surged by 18% in anticipation of the record date for its interim dividend. The company announced a 650% interim dividend, which is ₹65 per equity share, the highest payout since 2017. The record date for this dividend is February 19, 2025, and the payment is expected on or before March 7, 2025.
This significant dividend announcement comes after Gillette India’s strong financial performance in the October-December 2024 quarter. The company reported a 21% year-on-year increase in net profit, reaching ₹126 crore, up from ₹104 crore in the same period last year. Revenue also grew by 7%, totaling ₹685.6 crore compared to ₹639.5 crore previously.