Procter & Gamble Q2 net up 2.8 pc to Rs 150.62 cr

FMCG firm Procter & Gamble Hygiene and Health Care today reported a 2.80 per cent rise in net profit to Rs 150.62 crore for the December quarter.
The company, which follows the July-June financial year, had reported a net profit of Rs 146.51 crore for the October- December period a year ago, Procter & Gamble Hygiene and Health Care (P&G) said in a BSE filing.
However, its total income during the quarter under review was down 1.19 per cent to Rs 665.59 crore due to liquidity crunch in the market, as against Rs 673.66 crore in the corresponding quarter of the previous fiscal.

"During the quarter, there was an unforeseen liquidity crunch in the market that impacted trade inventories and consumer offtake. The company delivered sales of Rs 666 crore, down 1 per cent versus last year," the company said in a statement.
Its total expense during the period was also down 4.54 per cent to Rs 450.17 crore as against Rs 471.61 crore in the year-ago period.
Shares of the company ended 0.55 per cent down at Rs 6,962.50 apiece on BSE.