Procter & Gamble Q1 profit up 6% at Rs 45 cr

Procter & Gamble Hygiene and Health Care today said its net profit rose by 5.82% to Rs 45.27 crore for the first quarter ended September 30, 2012.

The company had posted a net profit of Rs 42.78 crore during the same period of last year, Procter & Gamble Hygiene and Health Care Ltd (PGHHCL) said in a filing to the BSE.

Net sales of the company rose to Rs 374.96 crore for the first quarter ended September 30, as compared to Rs 301.59 crore during the corresponding period of 2011.

"The growth in sales was driven by category growth, pricing and initiatives," it added.

While overall costs were under control, the quarter was helped by foreign exchange gain of Rs 4 crore as against corresponding quarter of last year, it said.

Commenting on the results PGHHCL Managing Director Shantanu Khosla said: "PGHHCL is executing its proven business model of delivering value to the consumers combined with effective pricing and productivity which is helping deliver consistent top and bottom line growth."

Shares of PGHHCL today closed at Rs 2,523.65 on the BSE, up 1.14% from its previous close.