P&G Hygiene and Health Care slides after Q1 results

Procter & Gamble Hygiene and Health Care lost 2.04% to Rs 6,115 at 10:37 IST on BSE after net profit rose 16% to Rs 71 crore on 4% growth in net sales to Rs 598 crore in Q1 September 2015 over Q1 September 2014.

The result was announced after market hours yesterday, 4 November 2015.

Meanwhile, the S&P BSE Sensex was down 154.77 points or 0.58% at 26,398.15.

On BSE, so far 48 shares were traded in the counter as against average daily volume of 1,062 shares in the past one quarter.

The stock hit a high of Rs 6,167.95 and a low of Rs 6,115 so far during the day. The stock had hit a 52-week low of Rs 5,200 on 1 December 2014. The stock had hit a record high of Rs 7,435 on 17 March 2015.

The stock had underperformed the market over the past one month till 4 November 2015, sliding 0.07% compared with Sensex's 1.27% rise. The scrip had, however, outperformed the market in past one quarter, declining 1.11% as against Sensex's 5.41% fall.

The large-cap company has equity capital of Rs 32.46 crore. Face value per share is Rs 10.

Procter & Gamble Hygiene and Health Care said that the Feminine Care business continued to deliver double digit sales growth during the quarter on the back of superior value propositions and strength of product portfolio. Growth in Health Care business was impacted by the weak monsoon period, the company said in a statement.

Procter & Gamble Hygiene and Health Care is one of the fastest growing FMCG companies in India.

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