Procter & Gamble Q4 net profit rises 14 percent to Rs 69 crore
Procter & Gamble Hygiene and Health Care (PGHHCL) reported a 14 percent jump in its net profit at Rs 69 crore ($9.3 million) for the quarter ended June, as against a net profit of Rs 61 crore it posted in the year-ago quarter.
The company’s revenue for the quarter was down 1 percent at Rs 644 crore, as against Rs 647 crore in the same quarter last year. The rise in numbers amid the Covid-19 disruptions was attributed to lower tax rates.
Commenting on the results, Madhusudan Gopalan, managing director at PGHHCL, in a statement said: “We delivered resilient results during this unprecedented crisis behind our strategy to focus on superiority and productivity, enabled by the commitment and agility of our organization to serve our consumers and communities.
“While the unprecedented market challenges and uncertainties remain in the near-term, the company will continue to stay focused to drive superiority and improve productivity and aim to drive balanced growth,” he added.
The company, which follows the July-June financial year, had earlier said that its business operations were severely disrupted across the country, due to the nationwide lockdown to contain the spread of Covid-19.
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