Gillette India operating cash flow rises to Rs 575.39 crore

Gillette India Limited generated Rs 575.39 crore of net cash from operating activities in the six months ended 30 September 2026, compared with Rs 354.38 crore a year earlier. The increase followed a Rs 134.05 crore decrease in trade receivables, a Rs 60.49 crore increase in trade and other payables, and profit before tax of Rs 427.69 crore.

What drove Gillette India’s Rs 575.39 crore operating cash flow?

Gillette India’s operating cash flow was driven by profit and working-capital movements, with cash generated from operations reaching Rs 690.43 crore before tax payments in the six months ended 30 September 2026. Profit before tax rose to Rs 427.69 crore from Rs 388.15 crore in the corresponding six months of 2025, while depreciation and amortisation added back Rs 35.96 crore.

Working-capital movements provided cash during the period, led by a Rs 134.05 crore decrease in trade receivables. Trade and other payables increased by Rs 60.49 crore, financial assets declined by Rs 22.73 crore, and other assets decreased by Rs 36.27 crore. These movements were partly offset by a Rs 16.55 crore increase in inventories and a Rs 2.37 crore decrease in provisions.

Income taxes paid, net of refunds, were Rs 115.04 crore, up from Rs 96.90 crore in the prior-year six months. After that tax outflow, net cash generated from operating activities was Rs 575.39 crore. The cash-flow statement was prepared under the indirect method set out in Indian Accounting Standard 7, or Ind AS 7, on the Statement of Cash Flows.

How did Gillette India’s cash generation change from last year?

Gillette India generated Rs 221.01 crore more operating cash than in the corresponding six months ended 30 September 2025, rising from Rs 354.38 crore to Rs 575.39 crore. Cash generated from operations increased by Rs 239.15 crore, while profit before tax increased by Rs 39.54 crore over the same comparison.

The largest working-capital change was in receivables: the 2026 period recorded a Rs 134.05 crore decrease, whereas the corresponding 2025 period recorded a Rs 0.70 crore increase. Financial assets provided Rs 22.73 crore in 2026 after consuming Rs 22.21 crore in the prior-year period.

Inventory required Rs 16.55 crore of cash in the latest six months, compared with Rs 56.71 crore in the corresponding 2025 period. Trade and other payables contributed Rs 60.49 crore, compared with Rs 78.56 crore a year earlier. The higher operating cash figure was recorded despite the Rs 18.07 crore lower contribution from payables and the Rs 18.14 crore increase in net tax payments.

What do Gillette India’s September balance-sheet movements show?

Gillette India’s trade receivables stood at Rs 264.70 crore on 30 September 2026, down from Rs 397.73 crore on 31 March 2026. The six-month cash-flow statement separately reported a Rs 134.05 crore decrease in trade receivables for the period ended 30 September 2026.

Inventories rose to Rs 536.19 crore from Rs 519.64 crore at the March year-end, while cash and cash equivalents rose to Rs 587.80 crore from Rs 266.82 crore. Bank balances other than cash equivalents were Rs 5.08 crore on 30 September 2026, compared with Rs 2.44 crore on 31 March 2026. Total current assets increased to Rs 1,442.90 crore from Rs 1,260.48 crore.

Current liabilities reached Rs 877.03 crore on 30 September 2026, compared with Rs 816.41 crore at 31 March 2026. Dues to creditors other than micro enterprises and small enterprises increased to Rs 707.73 crore from Rs 662.14 crore, while other current liabilities rose to Rs 67.88 crore from Rs 55.84 crore. Dues to micro enterprises and small enterprises were Rs 6.07 crore, compared with Rs 6.52 crore at year-end.

How did Gillette India’s businesses perform during the cash-flow period?

Gillette India reported revenue from operations of Rs 1,629.12 crore for the six months ended 30 September 2026, up from Rs 1,517.53 crore in the corresponding period. Grooming revenue increased to Rs 1,307.65 crore from Rs 1,242.86 crore, while Oral Care revenue rose to Rs 321.47 crore from Rs 274.67 crore.

Grooming segment result before finance costs and tax rose to Rs 365.88 crore from Rs 315.91 crore. Oral Care segment result declined to Rs 55.19 crore from Rs 62.44 crore despite its revenue increase. Total segment result increased to Rs 421.07 crore from Rs 378.35 crore, before Rs 5.09 crore of finance costs and Rs 11.71 crore of net unallocable income and expenditure.

Profit for the six-month period was Rs 318.55 crore, compared with Rs 289.34 crore a year earlier. Advertising and sales-promotion expense declined to Rs 211.53 crore from Rs 248.77 crore, while purchases of traded goods increased to Rs 305.00 crore from Rs 195.93 crore. The higher pre-tax profit was the starting point for the operating cash-flow calculation.

How were Gillette India’s operating cash inflows used?

Gillette India used Rs 58.90 crore in investing activities during the six months, compared with Rs 27.10 crore in the corresponding 2025 period. Payments to acquire property, plant and equipment and capital work-in-progress were Rs 70.75 crore, partly offset by Rs 11.70 crore of interest received and Rs 0.14 crore of proceeds from asset sales.

Financing activities used Rs 195.51 crore, represented by dividend paid, compared with Rs 153.15 crore a year earlier. Combining operating, investing and financing flows produced a net increase in cash and cash equivalents of Rs 320.98 crore. Cash and cash equivalents closed at Rs 587.80 crore, compared with Rs 589.58 crore at the end of the corresponding six-month period in 2025.

Gillette India’s capital work-in-progress was Rs 52.60 crore on 30 September 2026, compared with Rs 33.30 crore on 31 March 2026. Property, plant and equipment was Rs 304.81 crore at 30 September 2026, against Rs 304.30 crore at the March year-end. These balance-sheet lines accompanied the Rs 70.75 crore acquisition payment reported in investing cash flows.

Conclusion

Gillette India converted Rs 427.69 crore of pre-tax profit into Rs 575.39 crore of operating cash in the six months to 30 September 2026. The cash outcome reflected both earnings and working-capital movements, particularly the Rs 134.05 crore decrease in receivables, the Rs 60.49 crore increase in trade and other payables, and lower inventory cash absorption than in the corresponding period.

The 13 November 2026 filing does not disclose a future cash-flow target, capital-expenditure plan, scheduled event or unresolved matter. The reported period closed with Rs 264.70 crore of trade receivables, Rs 707.73 crore of trade payables excluding micro enterprises and small enterprises, and Rs 587.80 crore of cash and cash equivalents.