P&G Hygiene and Health Care Q3 net profit rises 5 percent to Rs 103 crore

By

Maverick Martins

Published
May 2, 2022

Procter & Gamble Hygiene and Health Care Ltd reported a 5 percent increase in its net profit to Rs 103 crore ($13.5 million) for the third quarter ended March 2022, as against a net profit of Rs 98 crore it reported in the year-ago period.

The company, which follows July-June financial year, saw its revenue for the quarter rise by 28 percent to Rs 973 crore, as against Rs 760 crore it reported in the corresponding period of the previous fiscal year.

P&G’s total expenses during the quarter were up by 28 percent to Rs 828 crore, as against Rs 645 crore it reported in the corresponding period.

Commenting on the Q3 results, Madhusudan Gopalan, managing director P&G Hygiene in a statement said, “The company has recorded strong double-digit sales growth driven by strong brand fundamentals and improved market execution. As we navigate the challenging cost environment, we will continue to focus on improving productivity by leveraging advertising and promotion analytics, strengthening our product mix and driving supply chain efficiencies.

“In the long-term, we will continue to focus on driving balanced top and bottom-line growth enabled by our superiority strategy, improving productivity, leading constructive disruption, and strengthening our organisation and culture,” he added.

Procter & Gamble Hygiene and Health Care is one of India's fastest growing FMCG companies with a strong presence in the personal care and hygiene segment.