Procter & Gamble Hygiene and Health Care standalone net profit rises 24.71% in the September 2018 quarter
Procter & Gamble Hygiene and Health Care standalone net profit declines 42.91% in the June 2018 quarter
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."
He said the company would continue to focus on raising the bar on superiority of products, packaging, go-to-market and communication, besides improving productivity and strengthening organisation and culture.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)