Procter & Gamble Hygiene and Health Care Ltd announces Q4 and FY2023 results

Procter & Gamble Hygiene and Health Care Ltd. today announced its financial results for the fiscal and quarter ended June 30, 2023. During the quarter, the Company delivered strong and balanced growth with sales of ₹852 crore, up 10% versus year ago driven by strong brand fundamentals and integrated growth strategy. Profit After Tax (PAT) for the quarter was ₹151 crore, versus ₹43 crore year ago because of strong base business growth and one-time help.

With this, for the fiscal ended June 30, 2023, the Company reported sales of ₹3917 crore, flat versus year ago owing to a one-time other operating income and a pandemic-linked demand surge in the healthcare portfolio in the base period.

For the fiscal ended June 30, 2023, the Company reported Profit After Tax (PAT) of ₹678 crores, up 18% versus year ago including one-time tax impacts. Excluding these one-time tax impacts, Profit After Tax (PAT) is up 10% operationally. This was driven by premiumization and productivity interventions, as the Company continued to make sequential progress in profit growth, despite the challenging operating and cost environment.

LV Vaidyanathan, Managing Director, Procter & Gamble Hygiene and Health Care Ltd. shared, "We delivered a strong top and bottom-line growth in the quarter, leading up to a resilient finish for the fiscal year despite a challenging operating environment. We continued to raise the bar on superiority and balancing innovation and industry-leading practices, while driving productivity in everything we do. We remain committed to our strategy - a focus on daily use categories where performance drives brand choice, superiority (of product, package, communication, go-to-market execution, and value), productivity, constructive disruption, and an agile and accountable organization structure and culture - all in pursuit of sustainable, balanced growth and value creation."

The Company's business continues to grow behind a strong product portfolio, superior consumer communication and a continuous stream of product innovations like Whisper Hygiene Comfort, Whisper Choice Nights, Vicks ZzzQuil- World's #1 Sleep Supplement, Vicks Roll-On Inhaler and Vicks Xtra Strong.

Our brands also continued to step up as a force for good. Whisper launched - 'The Missing Chapter 2.0' as part of the fourth edition of its long running #KeepGirlsInSchool (KGIS) movement, with the aim of educating mothers on the biology of periods to help them educate their daughters.

Whisper also continues to raise awareness about menstrual hygiene education through 'Whisper Menstrual Health & Hygiene Program'. As part of this, Whisper educated over 2 crore girls on puberty and hygiene over last two years, against a commitment of educating 2.5 crore girls by 2024. It will renew the commitment to impact 2.5 crore girls over next 3 years. Whisper India also partnered with UNESCO India to introduce teaching-learning modules, addressing the challenges related to menstrual health and hygiene management, including in relation to disability, gender, teachers and educators, young adults, and nutrition.

During the year, the Company continued to create a positive impact in the communities it serves, across each focus area of Citizenship - Community Impact, Equality & Inclusion, and Environmental Sustainability. Through its flagship CSR program, P&G Shiksha, the P&G group in India has continued to support thousands of schools that will impact more than 35 lakh children. Over the years P&G Shiksha has evolved into a 360-degree educational intervention addressing three critical barriers to achieving universal education - access to education infrastructure, gender inequality in access to education and gap in learning.

The Board of Directors at its meeting held on August 28, 2023 have recommended a payment of final dividend of ₹105 per equity share for the Financial Year ended June 30, 2023, subject to the approval of Shareholders of the company at the ensuing 59th Annual General Meeting.

Shares of Procter & Gamble Hygiene and Health Care Limited was last trading in BSE at Rs. 15492.15 as compared to the previous close of Rs. 15598.70. The total number of shares traded during the day was 115 in over 66 trades.

The stock hit an intraday high of Rs. 15590.75 and intraday low of 15418.75. The net turnover during the day was Rs. 1784321.00.

Source : Equity Bulls

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ProcterandGambleHygieneandHealthCare INE179A01014 PGHH PersonalProducts Q4FY23 FY2023 ResultUpdate