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P&G Hygiene and Health Care net down 5 pc to Rs 124 cr in Oct-Dec

Press Trust of India  |  New Delhi 

FMCG (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 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.

The company also said its board of directors declared an interim of Rs 40 on every equity share of Rs 10 and the record date for the will be February 19.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 17:45 IST