MUMBAI: Procter & Gamble Hygiene and Health Care has posted a net profit of Rs 211 crore in the first quarter ended September 30, 2023, as compared to Rs 154 crore in the corresponding quarter last year, led by acceleration of volume growth coupled with product price-mix and productivity.
Sales at Rs 1,138 crore are up 9% when compared to the corresponding quarter last year.
In a statement, LV Vaidyanathan, Managing Director, P&G Hygiene and Health Care, said: “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 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 organization. Our team’s execution of these strategies has enabled us to build momentum in the first quarter, and we are confident that these strategies will help us deliver balanced growth and value creation.”
Namrata Singh is editor - business trends at The Times of India, ...
Read MoreNamrata Singh is editor - business trends at The Times of India, Mumbai. She specialises in sectors like fast-moving consumer goods (FMCG), consumer durables, retail and the green economy. She closely tracks corporate groups like the Birlas, in addition to stories on consumer trends.
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