Karachi: Gillette Pakistan Limited has reported a significant downturn in its financial performance for the nine months ending March 31, 2026. The company’s revenue from contracts with customers fell sharply to 840.36 million rupees from the previous year’s 1.56 billion rupees, reflecting a very large or significant move.
According to the company’s unaudited financial statements, the cost of goods sold decreased to 737.76 million rupees from 1.15 billion rupees, resulting in a gross profit of 102.60 million rupees, down from 405.38 million rupees in the same period last year.
The financial report, dated April 28, 2026, further highlights increased operational challenges. Selling, marketing, and distribution expenses were 33.29 million rupees, while administrative expenses totaled 51.52 million rupees. Other operating expenses also added up to 19.54 million rupees, contributing to a strained financial landscape.
In terms of other income, the company recorded 18.09 million rupees, a decrease from the previous year’s 47.25 million rupees. The interest expense was reduced to 27.55 million rupees from 142.29 million rupees. A cumulative adjustment for non-going concern accounted for an additional financial burden of 68.99 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), Gillette Pakistan posted a loss before tax of 80.82 million rupees for the nine-month period, a reversal from a profit before tax of 75.90 million rupees in the previous year. The income tax expense was 31.02 million rupees, leading to a profit after tax loss of 111.84 million rupees compared to a profit of 30.10 million rupees in the previous year.
The company’s earnings per share stood at a negative 3.51 rupees, contrasting with a positive 0.94 rupees in the year-ago period, indicating a significant erosion in shareholder returns.
The equity statement for the nine months ended March 31, 2026, detailed a reduction in the total comprehensive income to a loss of 111.84 million rupees from a gain of 30.10 million rupees in the previous year. The balance as of March 31, 2025, showed issued, subscribed, and paid-up capital at 318.72 million rupees, with capital reserves of 16.62 million rupees and unappropriated profit of 649.66 million rupees, culminating in total equity of 985.00 million rupees.
The designated market category for this report is the financial sector, focusing on the performance metrics of Gillette Pakistan Limited.