Procter & Gamble Hygiene & Healthcare Sees 7% Dip in March Quarter Profit

Profit after tax for Procter & Gamble Hygiene & Healthcare Ltd. drops by 7% in March quarter.

  • Profit after tax for Procter & Gamble Hygiene & Healthcare Ltd. drops by 7% in March quarter.
  • Operating revenue grows by 13.4%, reaching Rs 1002.2 crore.
  • Increase in advertisement & promotional expenses impacts bottom line, rising by 26% to Rs 134 crore.

In the latest quarter, Procter & Gamble Hygiene & Healthcare Ltd. (PGHH) faced a 7% decline in its profit after tax compared to the same period last year. Despite owning well-known brands like Vicks and Old Spice, the company witnessed its net profit shrinking to Rs 154.4 crore from Rs 163 crore. However, PGHH experienced a significant surge in operating revenue, which rose by 13.4% year-on-year to reach Rs 1002.2 crore, up from Rs 889.1 crore. The increase in revenue demonstrates a positive trend for the company, although it faced challenges due to a rise in advertisement and promotional expenses, which grew by 26% to Rs 134 crore during the quarter.

LV Vaidyanathan, Managing Director of Procter & Gamble Hygiene and Health Care Ltd., acknowledged the challenging operating environment but emphasized the company’s commitment to growth strategies. Despite obstacles, PGHH remains focused on delivering top-line growth by offering superior products that meet consumers’ evolving needs. Vaidyanathan highlighted the company’s integrated growth strategy, emphasizing product performance, brand communication, and productivity. With confidence in their strategies, PGHH aims to navigate the mid-term successfully and achieve balanced growth and value creation.