Page 3 - P&g

Procter & Gamble to invest Rs 2,000 cr in India, set up plant in Gujarat

FMCG products maker Procter & Gamble India on Wednesday said it will invest Rs 2,000 crore here to set up a new personal healthcare manufacturing facility in Gujarat. This would be the ninth plant of Procter & Gamble in India, which owns popular brands like Ariel, Duracell, Gillette, Head & Shoulders, Oral-B, Pampers, Pantene, Tide, Vicks and Whisper. The new plant spread across a 50,000 sq metre area in Sanand will produce products that are part of P&G's global healthcare portfolio, especially digestives, a company statement said. "This facility will be operational over the next few years and is set to become an export hub for P&G globally, as it will help P&G India in serving consumers across the globe," it said. Besides, this will also help create hundreds of direct and indirect jobs, thereby offering a significant boost to the local economy, it added. The investment was announced by P&G India CEO LV Vaidyanathan in a meeting with Gujarat Chief Minister .

Brands are using emotional AI to enhance the customer's in-store experience

As AI assumes greater significance in our lives, its deployment in offline retail will only become bigger

Procter & Gamble raises sales outlook, says demand is stabilising

The outlook and quarterly results outpaced expectations in key metrics, highlighting that the US economic slowdown appears to be relatively contained

Go First may take legal action against Pratt & Whitney over engine issues

IndiGo is the only other Indian airline that uses PW engines on its A320 planes

P&G Health soars 15% after PAT jumps 71% YoY in December quarter results

The management said that the higher PAT growth was supported by improved margin through portfolio premiumisation, healthy mix and optimization of expenses,

P&G Hygiene and Health Care Q2 profit dips 2% to Rs 207 cr as costs surge

CHENNAI/BENGALURU (Reuters) - India's Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a drop in second-quarter profit, hit by higher cost of commodities and a slowdown in the broader fast-moving consumer goods (FMCG) sector in the country.

P&G India set up Rs 200-cr 'Technovate Fund' to solve business challenges

The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform

P&G India announces Rs 200 crore 'technovate fund' to solve challenges

FMCG major Procter & Gamble India on Tuesday announced a Rs 200 crore 'technovate fund' to help solve business challenges by fostering innovation, and leveraging innovative technology in collaboration with existing and new external suppliers. This fund is in addition to the Rs 1,300 crore that P&G has already committed over the past four years through its initiative vGrow, the company said in a statement. The US company's domestic arm said the fund will include solutions that will further strengthen its capabilities and drive innovation across various verticals. These include brand building and awareness, consumer research, go-to-market, and supply chain, as well as well as key focus areas such as digital analytics, transportation and warehousing, sustainability, and the future of payments. Through this fund, P&G aims to collaborate with external partners and innovators to help solve business challenges by leveraging innovative technology. L V Vaidyanathan, the chief ...

After P&G revamp, activist investor Nelson Peltz moves on to Unilever

Billionaire investor has built 1.5% stake in Unilever, he will also serve on compensation committee; shares jump 7% as investors welcome potential overhaul

Star MNC: Strong comeback for PGHH despite challenges posed by Covid-19

The company delivered profitable double-digit growth

P&G Hygiene and Health Care net profit rises 4.6% to Rs 102.85 cr in Q3

Procter & Gamble Hygiene and Health Care Ltd on Thursday reported a 4.59 per cent increase in its net profit to Rs 102.85 crore for the third quarter ended March 2022. The company, which follows July-June financial year, had posted a net profit of Rs 98.33 crore in the corresponding period last year, Procter & Gamble Hygiene and Health Care Ltd said in a regulatory filing. Its revenue from operations rose 28.11 per cent to Rs 973.26 crore during the period under review against Rs 759.66 crore in the January-March period last year. Procter & Gamble's profit was driven by a continued focus on productivity and a one-time hurt due to retrospective tax law change, the company said in an earnings statement. "Excluding this one-time impact, PAT was up 20 per cent vs year ago, despite commodity inflation," it said. Its total expenses were at Rs 828.19 crore, up 28.36 per cent against Rs 645.18 crore. Procter & Gamble Hygiene and Health Care Managing Director Madhusudan Gopalan

Procter & Gamble names L V Vaidyanathan as CEO for India operations

Global FMCG firm Procter & Gamble on Tuesday announced the appointment of L V Vaidyanathan as the Chief Executive Officer for its operations in India from July 1, 2022. Vaidyanathan will take over from Madhusudan Gopalan, who will be taking up a leadership role within P&G as Senior Vice President Grooming & Oral Care, P&G Japan and Korea, the company said in a statement. Currently he is leading P&G business in Indonesia as CEO where he has been "responsible for industry-leading growth and value creation for the company", it added. "Under his leadership, the Indonesian business has transformed to become value accretive for the parent company and has overtaken a formidable competitor in the market by turning around the share gap in the last four years," P&G said. An alumnus of IIM Ahmedabad, Vaidyanathan had joined P&G in 1995 as an intern and joined the India sales team straight from campus in 1996. He has experience of over 26 years across diverse ...

Procter & Gamble Hygiene Sep quarter profit falls 14% to Rs 218 crore

Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported 14 per cent decline in net profit at Rs 218.29 crore for the first quarter ended September 30, 2021 impacted by commodity cost inflation. The company, which follows July-June fiscal, had posted a net profit of Rs 253.86 crore in the same quarter last year, it said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 1,058.30 crore as against Rs 1,009.45 crore in the corresponding period a year ago, it added. During the quarter, total expenses surged to Rs 770.26 crore from Rs 683.31 crore in the year-ago period. Cost of raw materials consumed stood at Rs 343.04 crore as compared to Rs 328.96 crore. "Despite a challenging market environment and a higher base period, we delivered strong growth in the first quarter driven by the strength of our trusted product portfolio and strong retail execution," company's Managing Director Madhusudan Gopalan said. He further said as the ...

India becomes talent factory for P&G; Sundar Raman joins global ranks

Procter & Gamble has announced the appointment of Sundar Raman as the global CEO of the company's fabric and home care division, which includes P&G's most iconic brands like Ariel, Tide, Ambipur and Downy.

Procter & Gamble appoints Shailesh Jejurikar as the global COO

Procter & Gamble (P&G) on Friday announced the appointment of Shailesh Jejurikar as the global Chief Operating Officer (COO), making him the first Indian to do so. This is in line with the change at the Chief Executive Officer level with Jon Moeller taking over from David Taylor. "In October, Shailesh Jejurikar will become P&G's Chief Operating Officer (COO). As COO, Shailesh will have profit/loss responsibility for P&G's Enterprise Markets (Latin America, India, Middle East, Africa, Southeast Asia, and Eastern Europe)," P&G said in a statement. He will also lead Information Technology, Global Business Services, Sales, Market Operations, New Business, Purchasing, Manufacturing, and Distribution efforts for the company, the company added. Currently, Shailesh is the Chief Executive Officer of Procter & Gamble's largest business sector, Fabric and Home Care, which includes brands such as Tide, Ariel, Downy, Gain, Febreze, Swifferand represents about one-third of ..

P&G forecasts higher annual earnings despite $2 billion input costs

(Reuters) -Procter & Gamble Co expects higher core earnings this year despite warning of a nearly $2 billion hit from rising commodity and transportation expenses, relying on price increases and cost cuts to cushion the hit to its margins.

Doing laundry in space: Nasa taps P&G to create detergent for astronauts

Nasa sends 160 pounds of clothing per cre­w member to the Inter­national Space Station per year.

NAA fines three P&G subsidiaries Rs 241 cr for profiteering on GST rate cut

Companies accused of not passing on benefit of lower rates to consumer by increasing prices on intervening night of November 14 and 15 from when GST rate reduction was notified

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 raises full-year profit, sales forecast due to sales surge amid Covid

(Reuters) - Procter & Gamble Co raised its full-year sales forecast on Tuesday as the consumer products giant benefited from a surge in demand for Bounty paper towels, Tide detergent and other cleaning supplies due to the COVID-19 pandemic.