P&G Hygiene and Health profit dips 6.6 per cent

Procter & Gamble Hygiene and Health Care profit after tax dipped 6.6 per cent to ₹154 crore in the March quarter against ₹165 crore reported during the same quarter last year. The company reported a 32 per cent decline sequentiallty compared with ₹228 crore in the December quarter, which it said was due to an additional tax liabilityof about ₹36 crore (including interest).

REVENUE GROWTH

Revenue from operations grew 13.4 per cent to ₹1,002 crore in March (₹883 crore). Sequentially, it dipped 11.56 per cent from ₹1,133 crore in the December quarter.

The company reported sales of ₹998 crore, up 13 per cent, driven by a robust portfolio and premiumisation.

“We delivered strong topline growth despite a challenging operating environment, driven by superior products that are delighting and serving consumers’ evolving needs. We remain committed to our integrated growth strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution and consumer and customer value — productivity, constructive disruption and an agile and accountable organisation,” said LV Vaidyanathan, MD, P&G Hygiene and Health Care.