Procter & Gamble Hygiene and Health Care (P&G) has posted a profit after tax of Rs 251 crore, up 84 percent as compared to a year ago behind strong sales growth, productivity savings, and a one-time help in the quarter. The company estimates that the profit for the quarter, excluding the one-time help, was up approximately 34 percent.
The feminine care and healthcare business of P&G delivered strong double-digit growth in the quarter and grew ahead of the category.
The firm delivered sales of Rs 1,018 crore, up 19 percent vs a year ago.
Madhusudan Gopalan, MD, P&G, said, “We delivered double-digit profitable 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.”
“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 despite a challenging market environment and continue to be the right strategies to deliver balanced growth in the long-term,” Gopalan further added.