Gillette India Limited witnessed a five percent slump in its net profit to Rs 62 crore ($8.8 million) for the first quarter ended September 2019 as against Rs 65 crore it had reported in the year-ago period.
Procter & Gamble Hygiene and Health Care reported a five percent decline in profit at Rs 137 crore ($19.4 million) for the first quarter ended September 30 as against a profit of Rs 144 crore in the year-ago period.
P&G’s unlisted India arm Procter & Gamble Home Products reported a 14% year-on-year sales increase and 59% profit increase in the 2019 financial year as the business focused on rural expansion and product launches.
Procter & Gamble quarterly revenue and adjusted profit beat Wall Street expectations on Tuesday, as organic sales in its beauty business rose 8%, boosted by demand for its premium SK-II brand and Olay skin care products.
The Niwot, Colorado-based company famous for its plastic clogs has teamed up with the luggage and handbag brand to release a limited-edition collaborative footwear collection featuring classic Vera Bradley designs.
Personal care products manufacturer Procter & Gamble Hygiene and Health Care (P&GHHC) witnessed an 8 percent surge in its net profit to Rs 90 crore ($12.9 million) for the third quarter of the fiscal year 2019.
Visa has appointed Sujatha V Kumar as the head of marketing for India and South Asia. Kumar joins Visa from technology giant Google where she was the head of brand & reputation, marketing, and strategy.