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Gillette India Limited (GILLETTE) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹248B (≈ $2.6B) · ISIN INE322A01010

What is Gillette India Limited really worth?

GI Gillette India Limited GILLETTE · NSE
Price₹7,313
Fair Value₹2,797
Upside−61.8%
Quality83/100

A strong business, but trading 161% above our fair value of ₹2,797.

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Strengths

Highly profitable · 21.1% net margin
generates free cash flow
Ranks above peers (8/13)
Wide moat 93/100

Risks

!Mixed Growth (revenue 5y +12.2 %/yr)
!Weak on future: 16 out of 100

For context

·3.10% dividend yield
Evidence: High Range ₹1,616 – ₹4,111

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price −4.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 83/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (₹4,111). The favourable scenario is already priced in.
  • A fairly wide model range (₹1,616 to ₹4,111) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

₹10,979 ₹3,949 Fair Value ₹2,797 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹3,949 – ₹10,979 · fair‑value band ₹1,616 – ₹4,111 · the ₹7,313 price screens above the ₹2,797 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Gillette India Limited (GILLETTE) currently trades at ₹7,313, while our model-based Fair Value estimate is ₹2,797, implying the stock looks roughly 161.4% overvalued today. The Quality Score stands at 83/100 (high quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of ₹3,119 per share, and 0 of the 26 models we run sit above the ₹7,313 price. Bear case: the Economic Profit group reads lowest at ₹1,571, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Gillette India Limited generated revenue of ₹31.0B at a net margin of 21.1%. Revenue grew 3.2% year over year. It earns a return on equity of 66.4%. The balance sheet holds a net cash position of ₹4.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1,616 (bear case) to ₹4,111 (bull case); at ₹7,313, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −36% fair-value upside, at −62%, GILLETTE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence ₹1,341 ₹2,273 ₹3,901 76
Growth DCF ₹1,346 ₹2,244 ₹3,816 73
Owner Earnings ₹2,530 ₹4,376 ₹7,603 71
All 26 models by family
DCF Models
FCF DCF best evidence ₹1,341 ₹2,273 ₹3,901 76
Owner Earnings ₹2,530 ₹4,376 ₹7,603 71
5Y Revenue Exit ₹1,155 ₹1,861 ₹2,797 69
5Y EBITDA Exit ₹2,006 ₹3,561 ₹5,486 71
5Y P/E Exit ₹2,194 ₹3,939 ₹5,898 67
10Y Revenue Exit ₹1,174 ₹1,866 ₹2,878 63
10Y EBITDA Exit ₹1,777 ₹3,119 ₹5,114 64
10Y P/E Exit ₹1,903 ₹3,397 ₹5,456 60
Earnings-Based
Graham-Dodd ₹1,162 ₹4,813 ₹6,559 64
Lynch FV ₹1,214 ₹1,735 ₹2,255 61
PEG = 1.0 ₹1,214 ₹1,735 ₹2,255 57
EPV ₹1,758 ₹2,045 ₹2,301 70
Dividend Discount
Gordon GGM ₹1,058 ₹2,310 ₹3,887 65
DDM Multi-Stage ₹1,058 ₹1,892 ₹2,407 66
Multiples
P/E Multiple ₹2,692 ₹3,589 ₹4,486 63
P/S Multiple ₹1,097 ₹1,463 ₹1,829 58
P/B Multiple ₹1,295 ₹1,727 ₹2,159 55
EV/EBIT ₹2,918 ₹3,848 ₹4,778 63
EV/EBITDA ₹2,518 ₹3,315 ₹4,111 64
EV/Revenue ₹1,089 ₹1,500 ₹1,912 51
Asset-Based
NCAV (Graham) ₹156.99 ₹210.37 ₹313.98 51
Growth DCF
Growth DCF ₹1,346 ₹2,244 ₹3,816 73
Rev-Margin DCF ₹1,155 ₹1,850 ₹2,718 69
Economic Profit
Residual Income ₹1,212 ₹1,571 ₹13,406 64
ROIC Compounder ₹1,841 ₹2,246 ₹2,683 70
Growth Earnings
Growth-Adj P/E ₹2,083 ₹2,976 ₹3,869 67

Widest divergence: DCF Models (₹3,119) versus Asset-Based (₹210.37). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 44.7
P/S ratio 8.35 P/E × margin
EPS (TTM) ₹163.70 price ÷ EPS = P/E 44.7
Dividend yield 3.1% payout 139%
Net margin 18.7% FY2025
Return on equity 66.4% TTM
More key figures
Profitability
Return on assets (EBIT) 29.9% avg 5y
Operating margin 32.6% TTM
Growth
Revenue (TTM) ₹31.0B TTM
Revenue growth (YoY) +3.2% 3y avg +9.7%
EPS growth (YoY) +21.3%
Balance sheet & cash flow
Free cash flow ₹3.0B FY2025
Net cash ₹4.2B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 83/100

Of which business quality 78 · Market factors (momentum, volatility) 39

Profitability 96
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Gillette India Limited engages in the manufacture and sale of grooming and oral care products in India and internationally. It offers shaving system and cartridges, blades, toiletries, razors, and other components. The company also offers toothbrushes and oral care products.

Full company description

Gillette India Limited engages in the manufacture and sale of grooming and oral care products in India and internationally. It offers shaving system and cartridges, blades, toiletries, razors, and other components. The company also offers toothbrushes and oral care products. In addition, the company provides body shaving and trimming; skin care; and shaving gel, shaving cream & after shave; and female grooming products under the Venus brand name. The company sells its products primarily under the GilletteLabs, SkinGuard Sensitive, Fusion5, MACH3, Disposable Razor, Guard3, and Styler brand names. Gillette India Limited markets and sells its products through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, and high frequency stores. The company was incorporated in 1984 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gillette India Limited reported revenue of ₹29.8B in FY2025 versus ₹20.1B in FY2021, a compound +10.4%/yr. Reported net income was ₹5.6B in FY2025, compounding +15.7%/yr from FY2021.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
₹29.8B
Latest YoY
+13.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.2%
Avg. revenue growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.5%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+20.2% (17.1 + 3.1)
Revenue +10.4%/yr
FY21 ₹20.1B
FY22 ₹22.6B
FY23 ₹24.8B
FY24 ₹26.3B
FY25 ₹29.8B
Net income +15.7%/yr
FY21 ₹3.1B
FY22 ₹2.9B
FY23 ₹3.6B
FY24 ₹4.1B
FY25 ₹5.6B
Character of growth · EPS growth decomposed (2014-2025) +13.5 % p.a.
Revenue per share +4.8 %

of which total revenue +4.8 % · buybacks/dilution +0.0 %

EBIT margin +9.6 %
Tax rate +0.9 %
Residual (interest, one-offs) −2.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

GILLETTE screens 161% overvalued. Compare with L'Oréal S.A →

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Cite: Fair Value Calculator (2026). "Gillette India Limited Fair Value". https://www.fairvalue-calculator.com/stock/GILLETTE

Peer Group

Household & Personal Products · 244 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 83 · Top 25%
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 66% · Top 25%
Return on assets 29% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 33% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 3.1% · Above median

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 44.7× · Pricier than 75% of peers
P/B 24.25× · Pricier than 75% of peers
P/S (TTM) 8.00× · Pricier than 75% of peers
P/FCF 0.9× · Cheaper than median
EV/EBITDA 25.9× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 28
FUTURE16 · sector 8
PAST100 · sector 27
HEALTH0 · sector 98
DIVIDEND62 · sector 56

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
L'Oréal S.A LORL C$24.76 C$22.64 −9%
Unilever PLC UNA €55.92 €40.47 −28%
Colgate-Palmolive Company CL $90.75 $55.28 −39%
500696 500696 ₹2,093 ₹641.55 −69%
Hindustan Unilever Limited HINDUNILVR ₹2,015 ₹789.46 −61%
Kenvue Inc KVUE $18.95 $10.97 −42%
Kimberly-Clark Corporation KMB $109.55 $79.71 −27%
Henkel AG HEN3 €75.82 €85.95 +13%
The Estée Lauder Companies Inc ESLA €86.54 €18.84 −78%
Church & Dwight Co CHD $101.26 $65.12 −36%

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Frequently asked questions

Is Gillette India Limited (GILLETTE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹2,797 versus a price of ₹7,313, about −62% upside (overvalued).
What is the fair value of GILLETTE?
Our model-based fair value for Gillette India Limited is ₹2,797 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹7,313.
What is the quality score of GILLETTE?
Gillette India Limited has a Quality Score of 83/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Gillette India Limited (GILLETTE)?
Gillette India Limited reported trailing-twelve-month revenue of about ₹31.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GILLETTE?
The net profit margin of Gillette India Limited is about 21.1%, meaning it keeps roughly 21.1% of revenue as net income. Based on the latest reported figures.
Does Gillette India Limited pay a dividend?
Gillette India Limited currently shows a dividend yield of about 3.10% relative to its recent price (as of Aug 13, 2026).
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