Procter & Gamble (Bangladesh) terminates distribution agreement with Gillette (India) 

The upheaval in neighboring Bangladesh has started impacting bilateral trade. Procter & Gamble Bangladesh Private Ltd, a distributor of Gillette India Ltd, has terminated its distribution with the Indian company effective December 31, 2024, Gillette India said in a filing with exchanges.

“The company has received a letter from its distributor, Procter & Gamble Bangladesh Private Ltd, modifying the termination of a distribution agreement with the company, which will be effective December 31, 2024,” the company said.

“As a consequence of the termination, the company will have an impact of proportionate drop in net sales under this agreement,” Gillette India said.

For the financial year 2023-24, the net sales under the Bangladesh distributor agreement accounted for 2% of the company’s net sales.

“There is no material impact on the company’s profit due to this termination,” Gillette India added.