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Hot Pursuit News

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(30 Apr 2024, 15:05)

P&G Hygiene slips as Q3 PAT slides 6% YoY to Rs 154 cr

Procter & Gamble Hygiene & Health Care declined 1.41% to Rs 15,962.90 after the company's net profit declined 6.45% to Rs 154.37 crore in March 2024 quarter as against Rs 165.02 crore posted in March 2023 quarter.


The profit after tax was impacted due to one-time tax impacts in the base as well as current quarters. The company said that the PAT was up 50% operationally fueled by product-price mix and productivity interventions.

During the quarter, the company reported sales of Rs 998 crore, up 13% YoY, driven by a robust portfolio and premiumization to meet evolving consumer needs, and strong retail execution.

Profit before tax stood at Rs 233.94 crore in the March quarter 2024, up 60.72% from Rs 145.56 crore recorded in the same period a year ago .

LV Vaidyanathan, managing director of Procter & Gamble Hygiene and Health Care, said, “We delivered strong top-line growth despite a challenging operating environment, driven by superior products that are delighting and serving consumers’...

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