Procter & Gamble Q2 net profit jumps 84 percent to Rs 251 crore
FMCG firm Procter & Gamble Hygiene and Health Care Ltd reported an 84 percent increase in its net profit to Rs 251 crore ($34.5 million) for the second quarter ended December 2020, as against a net profit of Rs 136 crore it posted in the year-ago period.
The company, which follows the July-June financial year, reported a 19 percent rise in its revenue at Rs 1,018 crore during the period under review as against Rs 859 crore in the October-December period last fiscal.
Its total expenses for the quarter stood at Rs 690 crore, as against Rs 686 crore.
“The company has delivered double-digit profit growth for the second consecutive quarter this year. The growth was driven by the strength of our trusted product portfolio, strong retail execution and strong market recovery in the quarter,” P&G’s managing director, Madhusudan Gopalan, said in a statement.
"As the market recovers in the health and hygiene categories, we will continue to remain focused on our strategy of driving superiority, improving productivity, leading constructive disruption, and strengthening our organization and culture. These strategies have enabled us to consistently deliver results in a challenging market environment and continue to be the right strategies to deliver balanced growth in the long-run,” he added.
P&G retails a wide range of personal care brands in India including Olay, Wella, and Pantene, among others.
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