Procter & Gamble Bangladesh terminates distribution agreement with Gillette India
Gillette India reported that Procter & Gamble Bangladesh has decided to terminate their distribution agreement, effective December 31, 2024. This decision will cause a proportional decline in Gillette India’s net sales under this agreement, which constituted 2% of its total net sales for FY23-24. Despite this, the company expects no material impact on its profits.