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Personal Products company Procter & Gamble Hygiene & Healthcare announced Q3FY24 results:
Financial Highlights:
- Procter & Gamble Hygiene and Health Care reported sales of Rs 998 crore.
- There was a 13% increase in sales YoY.
- The Profit After Tax was Rs 154 crore.
- PAT saw a 50% operational increase.
- Despite the operational rise, reported profit after tax was down by 6% versus the previous year, attributable to one-time tax impacts.
LV Vaidyanathan, Managing Director, commented on the performance stating, "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.”
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