Gillette_India_Limited_AR_20

Annual Report 2019-20 6 Gillette India Limited FINANCIAL RATIOS 2019-20 2018-19 Change (%) Explanation for changes over 25% in the ratios, if any Debtors turnover 9.0 10.4 -13 - Inventory turnover 6.5 8.6 -24 - Interest coverage ratio 58.7 44.2 33 Improvement in interest coverage ratio is due to sharp fall in interest cost. Current ratio 2.0 1.7 28 Improvement in current ratio is due to increase in cash / cash equivalents and inventory. Debt equity ratio – – N.A. - Operating profit margin 19% 19% 2 - Net profit margin 14% 13% 1 - Return on Networth 27% 34% -21 - ORAL CARE After an extremely strong Financial Year 2018-19, Oral-B delivered another year of strong results in Financial Year 2019-20 with strong growth across value share, volume share and penetration for the brand. We led the innovation in the category by introducing the kids entry tier, sensitive entry tier and clove portfolio across tiers. In electric toothbrush range, we launched the rechargeable electric toothbrush for kids featuring Star Wars and Frozen characters. These innovations coupled with extremely strong go- to-market execution enabled us to grow significantly ahead of the category. We continued to leverage our targeted trial programs and deeper distribution plans enabling more consumers to have access to superior brushes. Oral-B continued its collaboration with dentists, to promote oral health awareness via the free dental checkup program. BUSINESS RESPONSIBILITY REPORT A separate report on Business Responsibility has been appended as Annexure I to this Report. # PGSurakshaIndia – Our COVID-19 response and relief effort As a responsible corporate citizen in India, your Company stepped up and partnered with the government and relief organizations to serve employees, consumers and communities in need via our holistic COVID-19 response and relief program # PGSurakshaIndia . Your Company also extended its support to the barber community who are among those greatly impacted by the lockdown imposed as a preventive measure to the pandemic through ‘Gillette