Improving outlook to help P&G Hygiene maintain sales growth momentum

Company's revenues improved by 18 per cent in September quarter compared to over the year-ago quarter, with growth coming from its portfolio of brands.

P&G Hygiene and Health posted a strong September quarter performance as revenues improved by 18 per cent year-on-year (YoY). In addition to the recovery in demand, the company said growth was led by its portfolio of strong brands and retail execution. 

Its production and supply chain networks are back to pre-Covid levels, which helped it tap into market recovery. This robust performance came after two consecutive quarters of decline. On a sequential basis, the company’s sales growth beat expectations, rising 59 per cent. Margins expanded by 130 basis points (bps). Though the stock saw a gain of 11 per cent on