Procter & Gamble Health announces 3rd Quarter Results Showing 14% Growth in Net Profits

Procter & Gamble Health Limited announced today its financial results for the quarter ended March 31, 2022. The Company has delivered total sales of ₹ 262 crores for the quarter ended March 31, 2022 vs ₹ 214 crores, up by 23% vs year ago. The Profit After Tax (PAT) was ₹ 51.2 crores, up by 224% vs year ago. Increase in PAT is driven by higher sales and lower marketing and depreciation charge vs same period last year. Sales for the nine-month period ending March 31, 2022, were ₹ 803 crores, vs ₹ 710 crores up 13% vs a year ago. PAT for nine-month period is ₹ 151 crore Vs ₹143 crore a year ago, despite high inflationary pressures.

Mr. Milind Thatte, Managing Director, P&G Health India, said, "We have been able to register consistent growth in revenue and earnings in recent quarters. Our strong portfolio of products that address the increasing demand for daily supplementation and a renewed focus on expanded reach and improved productivity continue to form the pillars of our strategy. We will leverage our strengths in medico-marketing, technology and distribution, in order to better serve the consumers and customers who count on us."

"We continue our efforts in promoting consumer education, raising awareness around women's health and overall health and wellness. This year, we launched 'Women in Healthcare' summit as a platform to encourage more women to join the healthcare and pharma sectors. We continue to strengthen and expand our projects under SEHAT, our CSR program that aims at contributing to building a healthier India. Recently, we partnered with Apnalaya, to extend our support to the urban poor and provide care to underprivileged pregnant women, new mothers and newborns," he added.

Shares of Procter & Gamble Health Limited was last trading in BSE at Rs. 4454.40 as compared to the previous close of Rs. 4409.35. The total number of shares traded during the day was 733 in over 355 trades.

The stock hit an intraday high of Rs. 4469.75 and intraday low of 4337.80. The net turnover during the day was Rs. 3229861.00.

Source : Equity Bulls

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ProcterandGambleHealth INE199A01012 PGHL 3rdQuarter Results