Procter & Gamble Hygiene and Health Care Ltd. announces third quarter results

Procter & Gamble Hygiene and Health Care Ltd. announced its financial results for the quarter ended March 31, 2024. The Company reported sales of Rs. 998 crore, up 13% vs year ago driven by a robust portfolio and premiumization to meet evolving consumer needs, and strong retail execution. Profit After Tax (PAT) stood at Rs. 154 crores, up 50% operationally fueled by product-price mix and productivity interventions. Reported profit after tax was down 6% vs year ago due to one-time tax impacts in the base as well as current quarters.

LV Vaidyanathan, Managing Director, Procter & Gamble Hygiene and Health Care Ltd. shared, "We delivered strong top-line growth despite a challenging operating environment, driven by superior products that are delighting and serving consumers' evolving needs. We remain committed to our integrated growth strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority - across product performance, packaging, brand communication, retail execution and consumer and customer value - productivity, constructive disruption, and an agile and accountable organization. We are confident that these strategies will help us navigate the mid-term and deliver balanced growth and value creation."

Shares of Procter & Gamble Hygiene and Health Care Limited was last trading in BSE at Rs. 15920.10 as compared to the previous close of Rs. 15937.75. The total number of shares traded during the day was 128 in over 80 trades.

The stock hit an intraday high of Rs. 16095.15 and intraday low of 15812.00. The net turnover during the day was Rs. 2031774.00.

Source : Equity Bulls

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ProcterandGambleHygieneandHealthCare INE179A01014 PGHH PersonalProducts Q3FY24 ResultUpdate