Procter & Gamble Hygiene and Health Care Ltd (PGHHCL) reported a 6 percent decline in net profit to Rs 154 crore ($19 million) for the third quarter ended March 31, as against Rs 165 crore in the year-ago quarter.
The company’s revenue for the quarter rose by 13 percent to Rs 998 crore, as against Rs 881 crore in the corresponding quarter of the previous fiscal year.
Commenting on the results, LV Vaidyanathan, managing director of PGHHCL in a statement said, “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,” he added.
Procter & Gamble Health is one of India’s fastest growing FMCG companies with a strong presence in the health and personal care sector.
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