Page 2 - P&g

Margin pressures, valuations to weigh on P&G Hygiene and Healthcare

Going ahead, the Street will track the sales and margin trajectory. Sales growth in the quarter came in ahead of estimates in a seasonally weak quarter due to lower sales of Vicks

P&G Q4 results: Profit after tax down 46% at Rs 81 cr on high spending

Procter & Gamble Hygiene and Health Care Ltd (PGHH) on Wednesday reported 46.40 per cent decline in profit after tax at Rs 81.06 crore for June quarter 2024 on account of increased spending. The company, which follows July-June financial year, had reported a profit after tax of Rs 151.24 crore in the corresponding quarter of the previous fiscal. However, PGHH's revenue from operations was at 931.75 crore as against Rs 852.53 crore a year ago. "PAT for the quarter was Rs 81 crore, with an increase in spending for demand generation to support innovation in healthcare and feminine care," said an earning statement from PGHH. Total expense was at Rs 826.78 crore, up 26 per cent year-on-year. Total income of the Proctor & Gamble entity, which has a portfolio of Vicks in healthcare and Whisper in feminine care, was up 8.86 per cent to Rs 939.06 crore. For the full year, PGHH's profit after tax was flat at Rs 675.02 crore as against Rs 678.14 crore in the previous year. "Reported PAT .

P&G Health stock slips 4% on weak Q4 performance; Rs 60 dividend announced

The drop in the stock price of Procter & Gamble Health came after the company announced a weak set of June quarter results (Q4FY24).

From PepsiCo to P&G, India becomes next big FMCG growth bet as China lags

With India's economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette

P&G records surprise sales drop as demand slows despite price restraint

The company's rivals, including Nestle and Unilever , also reported first-half sales growth below expectations

P&G Hygiene appoints Mrinalini Srinivasan chief financial officer

Srinivasan has worked across various finance roles in her career spanning 16 years

P&G Hygiene and Health Q3 profit falls 6.5% to Rs 154.4 cr, sales up 13.5%

Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a decline of 6.45 per cent in profit after tax at Rs 154.37 crore in the third quarter ended March 2024 on account of one-time tax impacts. The company, which follows the July-June financial year, had reported a profit after tax of Rs 165.02 crore in the corresponding quarter of the preceding fiscal. However, Procter & Gamble Hygiene and Health Care Ltd (PGHH) revenue from operations increased 13.48 per cent to Rs 1,002.17 crore during the quarter under review. It was at Rs 883.09 crore a year ago. Its Profit After Tax (PAT) of Rs 154.37 crore "was down 6 per cent vs year ago due to one-time tax impacts in the base as well as current quarters", said the earnings statement from the company which owns popular brands such as Vicks in healthcare and Whisper in feminine care. However, its PAT was "up 50 per cent operationally fuelled by product-price mix and productivity interventions", it added. PGHH's total expense

P&G Hygiene and Health Care agrees to pay Rs 36 crore to tax authorities

Procter & Gamble Hygiene and Health Care on Wednesday said it has arrived at an advanced pricing agreement with the tax authorities for certain identified transactions with the company's affiliate. "As a consequence of this agreement, an additional tax liability, approximately Rs 36 crore (including interest) is payable," the company said. However, there will be a reduction in contingent liabilities of approximately Rs 87 crore, subject to withdrawal of relevant tax litigations by the respective parties. The agreement is for financial years 2010-11 to 2018-19, said Procter & Gamble Hygiene and Health Care in a regulatory filing. "This is to inform you that the Company has arrived at an advanced pricing agreement with the tax authorities today, viz. March 26, 2024, determining appropriate transfer pricing methodology for certain identified transactions with the Company's affiliates," it said. P&G Hygiene and Health Care owns popular brands such as Vicks in healthcare and ...

P&G India appoints Kumar Venkatasubramanian as CEO effective May 1

Current CEO LV Vaidyanathan resigns after 28 years at P&G

Disney grandchildren back CEO Iger & board, slam activist investors

The four grandchildren of Roy Disney, in an open letter to Disney shareholders expressed concerns about the threat posed by "self-anointed" activist investors

P&G Hygiene Q2 result: Profit jumps as lower costs offset dip in sales

BENGALURU (Reuters) - Indian consumer goods maker Procter & Gamble Hygiene and Health Care reported higher second-quarter net profit on Wednesday, as lower costs countered a small drop in sales.

P&G to record up to $2.5 bn in Gillette writedown, operations rejig

The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec 31 on its Gillette business

P&G Q1 results: Net profit up 36% at Rs 210.69 cr, revenue at Rs 1,138 cr

FMCG products maker Procter & Gamble Hygiene and Health Care Ltd on Monday reported a 36.44 per cent increase in profit after tax at Rs 210.69 crore for the first quarter ended September. The company, which follows the July-June financial year, had reported a profit after tax of Rs 154.41 crore in the corresponding quarter of the previous fiscal. Its net sales were 9.04 per cent higher at Rs 1,135.06 crore during the quarter under review. In the year-ago period, the same was at Rs 1,040.92 crore, according to a regulatory filing. The company's revenue from operations in the July-September period was at Rs 1,138.35 crore, up 8.94 per cent compared to the same period a year ago. This increase was "driven by a superior retail execution and integrated growth strategy," it said in an earning statement. The "PAT (Profit After Tax) for the quarter was Rs 211 crore, up 36 per cent versus year ago led by acceleration of volume growth coupled with product price-mix and productivity," it ...

P&G sales surpassed analysts' estimates as price hikes offset lower volume

Organic sales rose 7% in the quarter ended Sept. 30, the maker of Tide detergent and Pampers diapers said Wednesday. Analysts had projected growth of 5.8%, according to data compiled by Bloomberg

P&G India announces Rs 300 cr fund for startups for supply chain solutions

FMCG maker Procter & Gamble India on Thursday announced a Rs 300 crore fund to collaborate with external partners and innovators for co-creating solutions for a modern supply chain ecosystem. P&G Supply Chain Catalyst Fund will provide an opportunity to startups and innovators to collaborate with Procter & Gamble (P&G) India on customising business solutions, accelerating its journey towards Supply 3.0 initiatives, said a statement from the company. This is a part of Rs 1,800 crore committed in business solutions through vGROW, in which the maker of brands like Gillette, Whisper, Vicks is investing in small businesses, individuals and large organisations offering innovative solutions. "The announcement is in line with the Prime Minister's Gati Shakti initiative, which is an endeavour towards multi-modal connectivity in the country that will enhance seamless movement of goods and services through targeted interventions," the statement said. Commenting on the ...

Volume growth returning, rural demand seeing green shoots: Procter & Gamble

With softening of inflation, volume growth is finally returning and rural demand is witnessing green shoots, Procter & Gamble Hygiene and Health Care Ltd (PGHHL) said on Friday. PGHHL, which reported a 12 per cent sales growth in FY23 and 3 per cent sales growth in the first quarter this fiscal, said FMCG consumption in the June quarter was the fastest in the last six quarters. "Inflation is softening and volume growth is finally returning. A growth of 7.5 per cent in a quarter for the industry is great news," PGHHL Vice President Finance Gautam Kamath said in an investors' call. This volume growth eventually unlocks capital investment and triggers a positive investment cycle. "In another piece of good news, the rural demand is growing as well. With a quarter showing 1.4 per cent volume growth in the non-food sector in the rural economy after four quarters of significant volume decline," he added. After a couple of years of flat volume growth, the industry as a whole is looking to

United Breweries brings on Vivek Gupta as MD & CEO from September 25

His most recent position with P&G was as managing director for Australia and New Zealand

Sales, margin outlook remain strong for P&G Hygiene and Healthcare

The company reported double-digit sales growth, and margin expansion in the June quarter

P&G beats quarterly sales estimates on resilient demand, higher pricing

Overall volumes fell 1% in the fourth quarter, while average prices across its product categories rose 7%. In comparison, P&G hiked prices by 10% in the third quarter, and its sales volume fell 3%

P&G India to invest Rs 2,000 cr to set-up manufacturing facility in Gujarat

Over the last decade, P&G has invested over Rs 8,200 crore ($ 1 billion) through its operations in the country