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Procter & Gamble Hygiene and Health Q1 net up 85.51% to Rs 254 cr

Total income during the quarter under review stood at Rs 1,019.01 crore as compared to Rs 863.16 crore in the year-ago period, a growth of 18.05 per cent.

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Procter & Gamble Hygiene and Health Care on Tuesday reported a 85.51 per cent jump in profit at Rs 253.86 crore for the first quarter ended September.

The company had posted a profit of Rs 136.84 crore in the year-ago period, it said in a regulatory filing.

The company follows July-June financial year.

Total income during the quarter under review stood at Rs 1,019.01 crore as compared to Rs 863.16 crore in the year-ago period, a growth of 18.05 per cent.

The company attributed the increase in profit to 'focus on productivity, one-time hurt in the corresponding quarter of the previous year, and a one-time help in the current quarter'.

Madhusudan Gopalan, Managing Director, Procter & Gamble Hygiene and Health Care Ltd said: “We delivered strong top and bottom-line results in a challenging market environment. With the easing of the lockdown, we are witnessing gradual market recovery in the health and hygiene categories. Our production and service are now back to pre-COVID levels.' Shares of the company settled 10.91 per cent higher at Rs 11,344.20 apiece on BSE.

(PTI)


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