Procter & Gamble Health announces Third Quarter results showing 16% Growth in Net Profits

Procter & Gamble Health Limited announced today its financial results for the quarter ended March 31, 2023. The Company delivered total sales of ₹ 316.3 crores for the quarter ended March 31, 2023, vs ₹ 262.2 crores, a year ago, up by 21%. The Profit After Tax (PAT) was ₹ 59.2 crores, up by 16% vs a year ago. Sales for the nine-month period ending March 31, 2023, was ₹ 912.8 crores vs ₹ 803.2 crores a year ago. PAT for a nine-month period was ₹ 199.7 crore vs ₹ 151.4 crore a year ago, despite the high inflationary pressures.

Mr. Milind Thatte, Managing Director, P&G Health India, said, "We continue to register a consistent growth in this quarter despite a challenging macro-economic environment. This has been made possible through our integrated growth strategies of expanded reach and improved productivity, while we continue to create awareness among our patients and consumers alike. The cornerstone of our approach continues to be our robust product line, which helps meet the rising demand for daily supplements, thereby helping us deliver the 6th consecutive quarter of strong growth. Our focus brands, Evion, Neurobion and Livogen continue to perform exceptionally well. The quarter also saw Neurobion regain its position as India's No. 1 Nerve Care Brand, while Livogen's exceptional performance continued behind the award winning campaign 'Na Na Anemia' with Diagnostic camps across the country. Under our flagship CSR Program, SEHAT, in partnership with Tata Trust's 'Yes! To Poshan'Program, we continued to showcase our commitment towards the cause of maternal & child health.".

"The quarter also saw us receive various prestigious recognitions. We are thankful to the CSR Summit and Awards 2023, CII, Exchange4media and Obesity International for recognizing our Corporate Social Responsibility and Consumer Awareness efforts. These recognitions have further fueled our passion and commitment to serve Indian consumers and help them live healthier lives," he concluded.

Shares of Procter & Gamble Health Limited was last trading in BSE at Rs. 4683.00 as compared to the previous close of Rs. 4734.50. The total number of shares traded during the day was 481 in over 286 trades.

The stock hit an intraday high of Rs. 4771.20 and intraday low of 4660.00. The net turnover during the day was Rs. 2268525.00.

Source : Equity Bulls

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ProcterandGambleHealth INE199A01012 Q3FY23 9MFY23 ResultUpdate