Gillette Pakistan Limited posted a net loss for the nine months ended March 31, 2026, as a sharp decline in sales and higher operating charges weighed heavily on the company’s financial performance. The company reported a loss after tax of Rs111.84 million, compared with a profit of Rs30.10 million recorded during the same period last year.

Net revenue fell significantly to Rs840.36 million, down nearly 46% from Rs1.56 billion in the corresponding period of the previous year. The steep decline in sales reduced gross profit to Rs102.60 million, compared with Rs405.38 million a year earlier.

The company continued to face pressure from operating expenses despite lower selling, marketing and administrative costs. Gillette Pakistan also booked Rs68.99 million as a cumulative adjustment related to non-going concern matters, alongside higher other operating expenses and finance costs, which pushed the company into the red.

As a result, the company posted a pre-tax loss of Rs80.82 million, compared with a pre-tax profit of Rs75.90 million in the same period last year. After accounting for taxation, the loss stood at Rs111.84 million, translating into a loss per share (LPS) of Rs3.51, compared with earnings per share (EPS) of Rs0.94 in the corresponding period of 2025.

On a quarterly basis, Gillette Pakistan reported a net loss of Rs30.19 million for the quarter ended March 31, 2026, compared with a profit of Rs8.40 million in the same quarter last year. Quarterly revenue also declined sharply to Rs41.04 million from Rs639.24 million.

Despite the weaker earnings, the company’s liquidity position improved during the period. Cash and bank balances increased substantially to Rs843.98 million at the end of March 2026 from Rs96.23 million at the beginning of the financial year, supported by positive operating cash flows and additional funding from an associated company. The unsecured loan from the associated company rose to Rs320 million, compared with Rs120 million at the end of June 2025.

Gillette Pakistan’s total equity declined to Rs984.99 million from Rs1.10 billion due to the accumulated losses during the period. The latest financial results highlight the challenges facing the company amid declining sales, inventory-related charges and exceptional adjustments, as management seeks to stabilize operations in a difficult business environment.