Gillette Pakistan Limited conducted a Corporate Briefing Session for shareholders, investors and analysts on October 28, 2024 at 10:30 A.M.
The management mentioned import duty impact and global commodity price increase as major challenges for the company.
The company’s financial performance for FY24 shows a significant decline in net revenue, which dropped from PKR 3,025 million in FY23 to PKR 1,502 million.
Despite this, the cost of goods sold decreased from PKR 1,435 million to PKR 1,008 million, resulting in a gross profit of PKR 494 million, down from PKR 1,590 million in the previous year.
The gross margin for FY24 was 32.9%, a decrease from the 52.5% gross margin recorded in FY23. On the expense side, selling, marketing, and distribution expenses decreased from PKR 398 million to PKR 212 million, and administrative expenses increased from PKR 54 million to PKR 89 million.
Other income saw a rise from PKR 128 million to PKR 226 million. While, other operating expenses dropped significantly from PKR 842 million to PKR 47 million.
Despite these changes, the company’s profit before income tax fell from PKR 177 million to PKR 86 million, and the profit for the year decreased from PKR 114 million to PKR 102 million.
Consequently, the Earnings per Share also saw a slight decline from PKR 3.57 to PKR 3.20.
Important Disclosures
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