NINE MONTHS

Gillette Pakistan Limited

ACCOUNTS

MARCH 31,2023

CONTENTS

Corporate Information

02

Directors' Report

03

Condensed Interim Statement of Financial Position

05

Condensed Interim Profit and Loss Account and other Comprehensive Income

06

Condensed Interim Statement of Changes in Equity

07

Condensed Interim Cash Flow Statement

08

Notes to the Condensed Interim Financial Statement

09

1

NINE MONTHS

Gillette Pakistan Limited

ACCOUNTS

MARCH 31, 2023

Muhammad Fahad Saleem

Ovais Ather Yousuf

Muhammad Usman

Zeeshan Aamir

Syed Jawaid Iqbal

Zara Nadeem Ali

Saad Amarullah Khan

Syed Jawaid Iqbal

Muhammad Fahad Saleem

Zeeshan Aamir

Tabish Jaleel Shaikh

Syed Jawaid Iqbal

Ovais Ather Yousuf

Muhammad Fahad Saleem

Ovais Ather Yousuf

Abdullah Saleh

Azeem Rashid

2

NINE MONTHS

Gillette Pakistan Limited

ACCOUNTS

MARCH 31, 2023

DIRECTORS REPORT

For the nine months period ended Mar 31, 2023

On behalf of the Board of Directors of Gillette Pakistan Limited ('the Company'), we are pleased to present the un-audited financial statements of the Company for the nine months ended Mar 31, 2023. The summary of the financial results are as follows:

For the Nine Months Ended

March 31, 2023

March 31, 2022

Revenue from contract with customers

PKR in '000'

2,613,212

1,940,544

Gross Profit

PKR in '000'

1,385,449

480,357

GP

%

53.0%

24.8%

Profit before tax

PKR in '000'

230,615

120,681

Profit before tax

%

8.8%

6.2%

Profit after tax

PKR in '000'

112,614

19,878

Profit after tax

%

4.3%

1.0%

Earnings per share

PKR

3.53

0.62

Company was able to close nine months results with strong growth momentum where revenue grew by 35 % vs same period year ago. This is behind smart pricing and better sales mix. However, bottom line profit was only increased by 2.61% vs year ago due to all time high devaluation and commodity inflation. Management expects continued growth in revenue. It also foresees several challenges due to high cost of doing business and macroeconomic headwinds which might impact profitability. However, management will ensure to remain competitive.

The structure of the Board and Committees:

Board of Directors:

Audit Committee:

Muhammad Fahad Saleem

Chairman

Syed Jawaid Iqbal

Chairman

Ovais Ather Yousuf

CEO

Muhammad Fahad Saleem

Member

Muhammad Usman

Director

Zeeshan Aamir

Member

Zeeshan Aamir

Director

Zara Nadeem Ali

Director

HR & Remuneration Committee:

Syed Jawaid Iqbal

Independent Director

Syed Jawaid Iqbal

Chairman

Saad Amanullah Khan

Independent Director

Muhammad Fahad Saleem

Member

Ovais Ather Yousuf

Member

On behalf of the Board of Directors, we would like to express appreciation to our Shareholders for their absolute confidence, our valued Customers for their un-paralleled reliance in Company's illustrious product line and the Regulators and other stakeholders for their understanding and support.

On behalf of the Board,

Ovais Ather Yousuf

Muhammad Fahad Saleem

Chief Executive Officer

Director

April 26, 2023

Karachi

3

NINE MONTHS

Gillette Pakistan Limited

ACCOUNTS

MARCH 31, 2023

For the Nine MonthsEnded

MARCH

MARCH

31, 2022

31, 2023

1,940,544

2,613,212

PKR in '000

480,357

1,385,449

PKR in '000

24.8%

53.0%

%

120,681

230,615

PKR in '000

6.2%

8.8%

%

19,878

112,614

PKR in '000

1.0%

4.3%

%

0.62

3.53

PKR

26

4

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Gillette Pakistan Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 09:46:15 UTC.