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Gillette India profit jumps on demand for grooming products

Jan 29 (Reuters) - Gillette India's third-quarter profit jumped about 37% on Thursday, as demand stayed robust for its staple men's grooming products, including shaving razors and creams. 

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Gillette India's quarterly profit surges on strong demand for grooming products

Shares of the company climbed nearly 10% after the results. The Procter & Gamble-owned company, known for its razors and shaving creams, reported 1.59 billion rupees ($18.7 million) in profit for the quarter ended March 31, compared with 991 million rupees a year earlier. India's rural consumer demand, lifted by good harvests and state support, has become a bright spot for consumer companies, helping the sector partially counter a sales slowdown in urban areas, where demand remains under press

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