Gillette India Limited has declared a final dividend of Rs 60 per equity share of face value Rs 10 each for the financial year 2025-26. The announcement, subject to approval by shareholders at the ensuing Annual General Meeting, was made following a Board meeting on May 27, 2026. The dividend will be paid to shareholders whose names appear in the Register of Members or depository records as on the record date.

The company outlined the tax deduction at source (TDS) implications for the dividend distribution under the Income Tax Act, 2025. For resident shareholders, the TDS rate varies based on income levels and documentation. Dividends totaling up to INR 10,000 during the financial year are exempt from TDS. Shareholders furnishing a valid Form 121 are also exempt, provided the declaration meets eligibility conditions. Resident shareholders with a valid Permanent Account Number (PAN) face a 10% TDS, while those without a valid or invalid PAN are subject to a 20% deduction.

Specific categories of resident shareholders, such as the Life Insurance Corporation (LIC), General Insurance Company (GIC), and entities covered under Section 393 of the Act, are exempt from TDS upon submission of valid registration certificates. Category I and II Alternative Investment Funds are also exempt, subject to specified conditions. Shareholders seeking a lower or nil withholding tax rate must submit a valid order under Section 395 obtained from the tax authority.

For non-resident shareholders, including Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI), the standard TDS rate is 20%, plus applicable surcharge and cess. To avail of benefits under the Double Taxation Avoidance Agreement (DTAA), non-residents must submit documents including a self-attested PAN card, Tax Residency Certificate, and Form 41 filed electronically on the Indian Income Tax Portal. A self-declaration confirming tax residency and beneficial ownership is also required. The company clarified that applying beneficial DTAA rates depends on the completeness of submitted documents and its review.

Shareholders must update their records, including tax residential status and PAN, with their depositories or the company's registrar, M/s. MAS Services Limited. The company emphasized that failure to link PAN with Aadhaar would render the PAN invalid, leading to a TDS deduction of 20% or the rate in force, whichever is higher. Forms and declarations for claiming exemption must be submitted via email to the registrar on or before August 14, 2026. Incomplete or unsigned documents received after this deadline will not be considered.

TDS Rates for Resident Shareholders

TDS Rates for Non-Resident Shareholders

Gillette India Limited reported sales of ₹3100 crore for the fiscal year ended March 31, 2026, an increase of 8% compared to the previous year. Profit After Tax (PAT) stood at approximately ₹650 crore, rising 23% year-on-year, driven by productivity and efficiency across all cost vectors. The company delivered ₹38 crore in savings during the year through targeted productivity programs. Management shared these updates during an analyst call held on June 16, 2026.

Financial Performance

The company has demonstrated consistent growth over the past five years, with absolute sales growing 1.5 times and absolute profit doubling. The return on equity has doubled during this period, while the net profit margin increased by approximately 600 basis points. The following table summarizes the financial performance for recent years:

Note: FY 2024-25 was a 9-month year due to a fiscal year change. Net Sales refers to revenue from operations; PAT excludes Other Comprehensive Income (OCI).

Strategic Updates and Operational Efficiency

Gillette India's integrated growth strategy focuses on a portfolio of daily-use products, superiority across product and communication, and constructive disruption. The company is leveraging AI and machine learning models to optimize its supply chain, utilizing automated on-shelf availability checks that process over 2 million data checks daily. This data-driven approach has enabled double-digit portfolio optimization and advance ordering capabilities across half of its business.

Market Outlook and Growth Drivers

The Male Grooming category is growing at approximately 12%, with Gillette maintaining its market leadership. The Female Grooming segment is growing upwards of 20%, driven by the Venus portfolio. In Oral Care, Power Oral Care grew at 1.5 times the rate of the previous year, while Manual Oral Care saw high single-digit growth. The company noted that domestic sales remain robust, with household penetration and market share increasing, despite one-time impacts to export revenue streams from the closure of a distribution agreement in Bangladesh.