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← CockpitCompetitor Analysis › GILLETTE.NS Gillette IndiaOpen in the cockpit ↗

Gillette IndiaGILLETTE.NSCompetitor analysis, valuation and peers

India · INR·FMCG›Household/Personal Care

Indian listed arm of P&G's Gillette, selling razors, blades and other male grooming products.

Momentum neutral 53
Mkt cap
$2.56B
US dollars, full cap
Free float
22%
of shares outstanding
$/day
$1.16M
20-day average traded
Fwd P/E
33.0×
forward earnings
ROIC−WACC
+58.9 pp
WACC 11.1%
Hurdle
+3 pp
Req g minus delivered
Next earnings
117 days
3 Mar 2027
Close · INR₹7,406
1D-0.2%
1W+4.7%
1M+2.5%
3M-3.7%
6M-6.6%
YTD-11.4%
1Y-18.6%
ATR %2.4%
Beta0.50
52w lowhigh23.4% off high

What Gillette India does

Indian listed arm of P&G's Gillette, selling razors, blades and other male grooming products.

Sells brands owned by Procter & Gamble, so it pays royalties and technology fees to the parent and buys some goods from group companies, while P&G holds the majority of its shares. Reaches shoppers through distributors to general stores and modern retail chains.

Products and services

  • Razors & blades
  • Shaving cream/gel
  • Grooming accessories

Customers

  • Retail consumers via general/modern trade

Where it sits in the supply chain

  • Consumer staples
  • Personal care/grooming
  • Razors & blades

What could go right

  • Rising male grooming spend in India
  • Premiumization

What could go wrong

  • Competition from cheaper local razors
  • Shift to alternative grooming methods

Moat: narrow (brand, IP / patents, distribution). Global Gillette brand and blade-technology patents support premium pricing versus local razors.

Headquarters: Mumbai, India · Founded: 1984 · Employees: 1,098

Named competitors

Gillette India at a glance

Size Gillette India (GILLETTE.NS) is an India Consumer Staples company (Household/Personal Care) with a market value of $2.56B, the 319th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹7,406 on 6 Nov 2026.

Performance Over six months the shares fell 6.6%, against -3.3% for the median peer and 0.0% for the India market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 8.0% over the last twelve months (peer median +3.0%); the operating margin is 27.9% (peer median 10.1%).

Valuation It trades at 33.0× forward earnings against a peer median of 20.4× (3rd most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 58.9 points above its cost of capital (11.1% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 97GILLETTE.NS 91
Six months, rebased to 100: Gillette India against the median of its 20 peers (local-currency closes).

Gillette India financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹31.8B₹31.0B₹29.8B₹24.8B₹22.6B
Revenue growth—+4%+20%+10%—
Gross profit₹16.6B₹15.1B₹13.5B₹9.06B₹8.68B
EBITDA₹9.61B₹9.69B₹8.23B₹5.42B₹4.88B
Net income₹6.68B₹6.54B₹5.57B₹3.56B₹2.89B
Free cash flown/a₹5.89B₹3.02B₹3.96B₹3.50B
Capital expendituren/a₹433M₹436M₹787M₹1.16B
Total debtn/a₹200,000₹500,000₹500,000₹1.20M

Quarterly statements and history in the cockpit →

Gillette India competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-20%0%+20%051900300888PGHH23676036052698492219282049121044496749271618906993300957COTYEMAMILTDITP6003157956GILLETTE.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Gillette India is the large dot.

Fundamentals: revenue growth against valuation

-5%0%+5%+10%+15%20×40×051900300888PGHH23676036052698492219282049121044496749271618906993300957COTYEMAMILTDITP6003157956GILLETTE.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Gillette India is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%051900300888PGHH236760360526984912104449674927161890300957COTYEMAMILTDITP6003157956GILLETTE.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Gillette India is the large dot.

Gillette India competitors and peer comparison

Head to head with its named competitors (GILLETTE.NS vs GODREJCP.NS vs EPC)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Gillette India GILLETTE.NS$2.56B-7%+8%28%33.0×16.0%
Godrej Consumer Products GODREJCP.NS$9.19B-18%+12%18%37.0×31.7%
Edgewell Personal Care EPC$1.29B+32%-7%6%12.4×4.1%

How Gillette India compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Gillette India against its 20 peers (data as of 6 Nov 2026)
MeasureGILLETTE.NSPeer medianRank in peer set
1-month return+2.5%+3.1%10th lowest of 21
6-month return-6.6%-3.3%10th lowest of 21
Distance from 52-week high-23.4%-26.9%9th highest of 21
Revenue growth (TTM)+8.0%+3.0%5th highest of 21
Operating margin27.9%10.1%2nd highest of 21
Forward P/E33.0×20.4×3rd most expensive of 21
Growth the price implies (Req g, 7 yrs)16.0%-0.1%4th most demanding of 18
Growth delivered (Del g)+13.0%+4.6%7th highest of 18
Hurdle (Req g minus delivered)+2.9 pp-3.2 pp7th most demanding of 18
ROIC minus cost of capital+58.9 pp+5.3 pp2nd highest of 21
EV / EBITDA25.1×11.8×most expensive of 15
Net debt / EBITDA-0.3×-0.9×6th most indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Gillette India GILLETTE.NSIndia$2.56B-7%+8%28%33.0×16.0%+13.0%
LG H&h 051900.KSSouth Korea$2.56B-8%-3%3%18.5×-0.1%-4.1%
Winner Medical 300888.SZChina$2.69B-2%+4%11%20.9×-4.3%-2.6%
Procter & Gamble Hygiene & Health Care PGHH.NSIndia$2.40B-29%-2%24%27.3×15.4%+7.4%
Giant Biogene 2367.HKHong Kong$2.76B-34%-10%32%9.7×-8.0%+34.9%
Proya Cosmetics 603605.SSChina$2.97B-19%+2%13%11.1×-4.8%+23.1%
Softcare 2698.HKHong Kong$2.20B-5%+25%25%14.4×8.7%+20.9%
KOSE 4922.TJapan$2.16B+7%+3%4%27.2×n/an/a
Cosmax 192820.KSSouth Korea$2.13B+21%+16%8%16.6×n/an/a
Lion 4912.TJapan$3.19B+21%+6%8%19.9×-2.4%+3.5%
Hengan Int'l 1044.HKHong Kong$3.28B-16%+2%11%9.1×-8.8%-0.1%
Kobayashi Pharmaceutical 4967.TJapan$3.29B+20%+4%6%50.2×17.6%+1.9%
Pola Orbis 4927.TJapan$1.96B+8%+1%10%28.8×-3.1%-0.7%
Kolmar Korea 161890.KSSouth Korea$1.89B+23%+13%10%13.0×-0.9%+15.5%
Blue Moon 6993.HKHong Kong$1.88B-15%-2%-2%93.6×n/an/a
Yunnan Botanee Bio-Technology 300957.SZChina$1.84B-28%+7%9%21.2×4.5%+15.3%
Coty COTYUnited States$3.57B+64%-1%5%13.3×11.3%+4.6%
Emami EMAMILTD.NSIndia$1.80B-15%+3%20%21.4×21.7%+5.6%
Interparfums ITP.PAFrance$3.65B+72%-4%18%27.5×15.9%+19.6%
Shanghai Jahwa United 600315.SSChina$1.74B-13%+9%2%18.1×17.1%-2.1%
Pigeon 7956.TJapan$1.66B+30%+7%13%26.3×-1.3%+1.9%

Questions

Who are Gillette India's main competitors?
Named competitors: Godrej Consumer Products (GODREJCP.NS), Bic (private or unlisted), Edgewell Personal Care (EPC). The cockpit's measured peer set (industry) also includes LG H&h (051900.KS), Winner Medical (300888.SZ), Procter & Gamble Hygiene & Health Care (PGHH.NS), Giant Biogene (2367.HK), Proya Cosmetics (603605.SS), Softcare (2698.HK).
Is Gillette India expensive compared with its peers?
On forward p/e it trades at 33.0× against a peer median of 20.4×, 3rd most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Gillette India stock performed?
Over six months to 6 Nov 2026 the shares returned -6.6% against -3.3% for the median peer; over one year -18.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.