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Gillette India Limited (GILLETTE) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹245B

GI Gillette India Limited GILLETTE · BSE
Price₹7,507
Fair Value₹2,058
Upside-72.6%
Quality78/100
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Strengths

Highly profitable · 21.0% net margin
generates free cash flow
Wide moat 94/100

Risks

!Trades 73% ABOVE our fair value of ₹2,058
!Mixed Growth
Mixed Growth
Highly profitable · 21.0% net margin
generates free cash flow
Wide moat 94/100
Evidence: High Range ₹1,424 – ₹2,830 Share as image

Fair value as of: Aug 20, 2026

From 25 valuation models · updated yesterday

Share price −4.2% over the past month.

A strong business, but screening 73% overvalued on our models.

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What matters now

  • A high-quality business (quality 78/100), 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 (₹2,830). The favourable scenario is already priced in.
  • A fairly wide model range (₹1,424 to ₹2,830) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹10,886 ₹3,914 Fair Value ₹2,058 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹3,914 – ₹10,886 · fair‑value band ₹1,424 – ₹2,830 · the ₹7,507 price screens above the ₹2,058 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Gillette India Limited (GILLETTE) currently trades at ₹7,507, while our model-based Fair Value estimate is ₹2,058, implying the stock looks roughly 72.6% overvalued today. The Quality Score stands at 78/100 (high quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Gillette India Limited generated revenue of ₹31.8B at a net margin of 21.0%. Revenue grew 10.8% year over year. It earns a return on equity of 66.4%. The stock trades on a trailing P/E of 45.8. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹1,424 (bear case) to ₹2,830 (bull case); at ₹7,507, 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 28% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -38% fair-value upside, at -73%, 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 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹210.37 to ₹2,853). Read the values as a conservative anchor, not as a price target.
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
Residual Income ₹765.10 ₹904.99 ₹3,582 76
Growth DCF ₹1,592 ₹2,270 ₹3,245 72
Gordon GGM ₹1,058 ₹1,861 ₹2,901 70
All 25 models by family
DCF Models
FCF DCF ₹1,541 ₹2,263 ₹3,346 38
Owner Earnings ₹1,529 ₹2,246 ₹3,320 31
5Y Revenue Exit ₹990.84 ₹1,379 ₹1,845 39
5Y EBITDA Exit ₹1,587 ₹2,438 ₹3,386 41
5Y P/E Exit ₹1,702 ₹2,642 ₹3,578 38
10Y Revenue Exit ₹1,154 ₹1,543 ₹2,005 36
10Y EBITDA Exit ₹1,557 ₹2,275 ₹3,154 37
10Y P/E Exit ₹1,630 ₹2,416 ₹3,297 35
Earnings-Based
Graham-Dodd ₹871.59 ₹2,033 ₹2,613 54
PEG = 1.0 ₹346.33 ₹494.75 ₹643.18 46
EPV ₹1,327 ₹1,558 ₹1,763 59
Dividend Discount
Gordon GGM ₹1,058 ₹1,861 ₹2,901 70
DDM Multi-Stage ₹1,058 ₹1,593 ₹2,211 61
Multiples
P/E Multiple ₹2,019 ₹2,692 ₹3,365 63
P/S Multiple ₹823.01 ₹1,097 ₹1,372 58
P/B Multiple ₹1,295 ₹1,727 ₹2,159 55
EV/EBIT ₹2,145 ₹2,853 ₹3,562 53
EV/EBITDA ₹1,837 ₹2,443 ₹3,049 54
EV/Revenue ₹740.22 ₹1,049 ₹1,357 43
Asset-Based
NCAV (Graham) ₹156.99 ₹210.37 ₹313.98 50
Growth DCF
Growth DCF ₹1,592 ₹2,270 ₹3,245 72
Rev-Margin DCF ₹990.84 ₹1,401 ₹1,848 67
Economic Profit
Residual Income ₹765.10 ₹904.99 ₹3,582 76
ROIC Compounder ₹1,368 ₹1,657 ₹1,951 67
Growth Earnings
Growth-Adj P/E ₹1,525 ₹2,178 ₹2,831 68

Widest divergence: DCF Models (₹2,263) versus Asset-Based (₹210.37). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹31.8B
Revenue growth (YoY) +10.8%
Net margin 21.0%
Return on equity 66.4%
Free cash flow ₹4.4B FY2023
P/E ratio 45.8
More key figures
Operating margin 26.8%
EPS (TTM) ₹163.73
EPS growth (YoY) +9.4%

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 73 · Market factors (momentum, volatility) 41

Profitability 93
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 8
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.

About the company

Gillette India Limited manufactures and sells grooming and oral care products in India and internationally. The company offers shaving system and cartridges, blades, toiletries, razors, and other components. It also offers toothbrushes and oral care products.

Full company description

Gillette India Limited manufactures and sells grooming and oral care products in India and internationally. The company offers shaving system and cartridges, blades, toiletries, razors, and other components. It also offers toothbrushes and oral care products. In addition, the company provides body shaving and trimming, skin care, and aftershave products; 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

FY2020 – FY2024 · reported fiscal years

Gillette India Limited reported revenue of ₹22.3B in FY2024 versus ₹20.1B in FY2020, a compound +2.7%/yr. Reported net income was ₹4.2B in FY2024, compounding +7.7%/yr from FY2020.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
₹22.3B
Avg. 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.
+9.4%
Avg. 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.
+7.2%
Avg. growth/yr (7Y) 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.
+5.7%
Revenue +2.7%/yr
FY20 ₹20.1B
FY21 ₹22.6B
FY22 ₹24.8B
FY23 ₹26.3B
FY24 ₹22.3B
Net income +7.7%/yr
FY20 ₹3.1B
FY21 ₹2.9B
FY22 ₹3.6B
FY23 ₹4.1B
FY24 ₹4.2B

GILLETTE screens 73% overvalued. Compare with The Procter & Gamble Company →

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

Peer Group

Household & Personal Products · 247 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 78 · Top 25%
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 66% · Top 25%
Return on assets 29% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth 11% · Top 25%
Dividend yield (TTM) 1.5% · Below median

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

P/E (TTM) 45.8× · Pricier than 75% of peers
P/B 23.91× · Pricier than 75% of peers
P/S (TTM) 7.70× · Pricier than 75% of peers
P/FCF 0.6× · Cheaper than median
EV/EBITDA 25.4× · Pricier than 75% of peers

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 20, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $144.26 $108.16 -25%
Unilever PLC ULN 1,080 MXN 973.58 MXN -10%
Hindustan Unilever Limited HINDUNILVR ₹2,063 ₹789.46 -62%
Essity AB ESSITYA kr 273.00 kr 250.02 -8%
Godrej Consumer Products Limited GODREJCP ₹936.90 ₹367.64 -61%
Marico Limited MARICO ₹853.40 ₹233.20 -73%
APR Co 278470 396,500 KRW 137,521 KRW -65%
Dabur India Limited DABUR ₹411.25 ₹175.59 -57%
PT Unilever Indonesia Tbk UNVR 1,760 IDR 1,928 IDR +10%
Amorepacific Corporation 090430 135,700 KRW 84,785 KRW -38%

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Frequently asked questions

Is Gillette India Limited (GILLETTE) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹2,058 versus a price of ₹7,507, about −73% (overvalued).
What is the fair value of GILLETTE?
Our model-based fair value for Gillette India Limited is ₹2,058 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹7,507.
What is the quality score of GILLETTE?
Gillette India Limited has a Quality Score of 78/100. 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 ₹31.8B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of GILLETTE?
The net profit margin of Gillette India Limited is about 21.0%, meaning it keeps roughly 21.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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