FMCG major Procter & Gamble Hygiene and Health Care Ltd (PGHHCL) Thursday reported a 5.42 per cent decline in profit after tax (PAT) to Rs 124.12 crore in the second quarter ended December 2018.
It had posted a PAT of Rs 131.24 crore in the corresponding period last fiscal, PGHHCL said in a regulatory filing.
Total income during the quarter stood at Rs 829.73 crore as compared with Rs 711.25 crore in the year-ago quarter, a rise of 16.65 per cent.
The company follows July-June fiscal year.
PGHHCL said its profit was impacted due to cost inflation and strategic investments on brand building initiatives to accelerate growth.
Commenting on the quarterly performance, PGHHCL Managing Director Madhusudan Gopalan said: "We have delivered strong double-digit (sales) growth for the second consecutive quarter this year driven by robust volume growth, category development and execution excellence."
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