P&G Hygiene and Health Care Q2 net down 5 percent to Rs 124 crore
today Feb 8, 2019
India’s leading FMCG Company Procter & Gamble Hygiene and Health Care Ltd saw its profit after tax decline 5 percent to Rs 124 crore ($17.4 million) as a result of cost inflation and strategic investments on brand building initiatives.
The company, which follows a July-June financial year, had posted PAT of Rs 131 crore in the corresponding period last fiscal.
The company’s revenue during the quarter was up 17 percent to Rs 830 crore as compared with Rs 711 crore in the year-ago quarter.
Commenting on the quarterly performance, PGHHCL managing director Madhusudan Gopalan in a statement said: "We have delivered strong double-digit (sales) growth for the second consecutive quarter this year driven by robust volume growth, category development, and execution excellence. We will continue to focus on raising the bar on superiority of products, packaging, go-to-market, and communication, besides improving productivity and strengthening organisation and culture.”
P&G India has a strong pan India presence, especially in the beauty & grooming segment. The company has five plants and over nine contract manufacturing sites in the country.
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