Procter & Gamble – P&G Hygiene and Health Care December quarter profit up 34% to Rs 251 crore
MUM(BA)I: Procter & Gamble Hygiene and Health Care (P&G) has reported a profit after tax of Rs 251 crore, up 84% vs year ago behind strong sales growth, productivity savings, and a one-time help in the quarter. The management of the company estimates the profit for the quarter, excluding the one-time help, was up approximately 34%.
The company said both the feminine care and healthcare business delivered strong double-digit growth in the quarter and grew ahead of category.
The company delivered sales of Rs 1,018 crore, up 19% vs year ago.
Madhusudan Gopalan, MD, P&G, said, “We delivered double-digit profitable growth for the second consecutive quarter this year. The growth was driven by the strength of our trusted product portfolio, strong retail execution and strong market recovery in the quarter. As market recovers in the health and hygiene categories, we will continue to remain focused on our strategy of driving superiority, improving productivity, leading constructive disruption, and strengthening our organization and culture. These strategies have enabled us to consistently deliver results despite a challenging market environment and continue to be the right strategies to deliver balanced growth in the long-term.”
The Board of Directors declared an interim dividend of Rs 85 on every equity share of Rs 10.