Procter & Gamble Q1 net profit up 25 percent to Rs 144 crore
today Nov 5, 2018
FMCG major Procter & Gamble (P&G) net profit increased 25 percent to Rs 144 crore (approx $19.8 million) for the first quarter ended September 2018 due to strong volume growth and category development. The company had posted a net profit of Rs 116 crore during the corresponding quarter of the previous fiscal.
P&G, which follows the July-June financial year, saw its revenue jump 23 percent during the quarter to Rs 815 crore as against Rs 661 crore it had posted during the July-September quarter of the last fiscal.
The company’s expenses also rose by 23 percent to Rs 595 crore as compared to Rs 483 crore last fiscal.
P&G Hygiene and Health Care Managing Director Madhusudan Gopalan in a statement said, “We generated strong top and bottom line results this quarter driven by robust volume growth, category development, and execution excellence.”
In regards to the outlook, he added, “We will continue to focus on raising the bar on the superiority of our products, packaging, go-to-market, and communication, improving productivity and strengthening our organisation and culture.”
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