Shaving razors maker Gillette India Ltd reported a 5.6% rise in its second-quarter profit on Wednesday, propelled by higher prices and sustained demand for its grooming products. Gillette India, in which consumer goods giant Procter & Gamble Co has a 75% stake, said its net profit rose to 744.5 million rupees ($9.10 million) for the three months ended Dec. 31, from 705 million rupees a year earlier. Makers of fast-moving consumer goods, including P&G and Unilever, have been raising prices of their products in a bid to cushion the impact of surging inflation and increasing supply-chain costs.
Visa, Procter & Gamble, Infosys, Block and Devon Energy are included in this Analyst Blog.
Today's Research Daily features new research reports on 16 major stocks, including Visa Inc. (V), The Procter & Gamble Company (PG) and Infosys Limited (INFY).