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P&G Hygiene and Health reports 36% rise in quarterly profit at Rs 210.69 crore
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P&G Hygiene and Health reports 36% rise in quarterly profit at Rs 210.69 crore
Oct 30, 2023 12:05 PM

FMCG products maker Procter & Gamble Hygiene and Health Care Ltd on Monday reported a 36.44% increase in profit after tax at Rs 210.69 crore for the first quarter ended September. The company, which follows the July-June financial year, had reported a profit after tax of Rs 154.41 crore in the corresponding quarter of the previous fiscal.

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Its net sales were 9.04% higher at Rs 1,135.06 crore during the quarter under review. In the year-ago period, the same was at Rs 1,040.92 crore, according to a regulatory filing. The company’s revenue from operations in the July-September period was at Rs 1,138.35 crore, up 8.94% compared to the same period a year ago.

This increase was "driven by a superior retail execution and integrated growth strategy," it said in an earning statement. The ”PAT (Profit After Tax) for the quarter was Rs 211 crore, up 36% versus year ago led by acceleration of volume growth coupled with product price-mix and productivity," it added.

The total income of the company, which owns popular brands such as Vicks in healthcare and Whisper in feminine care, was up 9.74% to Rs 1,154.12 crore. The company’s total expense was higher by 2.81% at Rs 869.65 crore in the September quarter.

"We delivered a strong top and bottom line growth in the quarter by executing our integrated strategy of a focused product portfolio of daily use categories…," the company’s Managing Director L V Vaidyanathan said. Shares of Procter & Gamble Hygiene and Health Care Ltd declined 1.37% to settle at Rs 16,744.25 apiece on the BSE.

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