Page 2 - Procter & Gamble

PGHH is cautiously optimistic on India's FMCG sector in the near-term

At its first-ever investor day, which the company held for both its entities - PGHH and Gillette India, the firm noted that commodity prices continue to remain high

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

P&G Hygiene and Health profit jumps over 3-fold to Rs 151 cr in Jun qtr

FMCG products maker Procter & Gamble Hygiene and Health Care Ltd has reported an over three-fold rise in Profit After Tax (PAT) at Rs 151.24 crore in the June quarter. The company, which follows the July-June financial year, had reported a PAT of Rs 42.55 crore in the corresponding quarter of the previous fiscal. Its net sales were 12.31 per cent higher at Rs 848.74 crore during the quarter under review, as against Rs 755.65 crore in the year-ago period, Procter & Gamble Hygiene and Health Care Ltd (PGHH) said in a regulatory filing. "PAT for the quarter was Rs 151 crore, versus Rs 43 crore a year ago because of strong base business growth and one-time help," a PGHH earnings statement said. Its revenue from operations stood at Rs 852.53 crore, up 9.8 per cent in the June quarter. PGHH's total expense was Rs 656.05 crore in the June quarter, down 9.42 per cent as against Rs 724.31 crore a year ago. The total income of the company, which owns popular brands such as Vicks in ...

Procter & Gamble Health profit dips 27% to Rs 30 cr in April-June quarter

Procter & Gamble Health on Thursday said its profit after tax declined by 27 per cent to Rs 30 crore in the quarter ended June 2023, hit by a higher material cost and one-time employee cost. The company, which follows the July-June financial year, had reported a profit after tax (PAT) of Rs 41 crore in the same quarter last year. Total income increased to Rs 307 crore in the April-June quarter from Rs 299 crore in the year-ago period, Procter & Gamble Health said in a statement. For the year ended June 30, 2023, the company reported a PAT of Rs 229 crore, up 19 per cent from Rs 192 crore in the previous fiscal. Total income rose to Rs 1,248 crore as compared with Rs 1,128 crore in the previous year. "We continued our efforts towards brand and category development and thus delivered a strong performance in the fiscal, marked by consistent growth across all our brands," Procter & Gamble Health MD Milind Thatte stated. The quarter, however, witnessed a category slowdown ...

Stocks to Watch: Reliance, Coforge, GAIL, Vascon, Sugar stocks, P&G Health

Stocks to Watch on August 24, 2023: Coforge promoter Hulst BV is looking to offload its entire 26.63% stake in the firm via a block deal; India may ban sugar exports for the first time in 7 years

Procter - Gamble India to invest $244 mn to set up manufacturing facility

BENGALURU (Reuters) - Procter & Gamble India said it would invest 20 billion rupees ($243.79 million) to set up a personal healthcare manufacturing facility in the western state of Gujarat.

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 .

Procter & Gamble raises full-year sales forecast on higher pricing

The Tide detergent maker's shares rose 1% in premarket trading

P&G launches programme for employees who are caregivers to disable children

FMCG major Procter & Gamble India on Tuesday announced the launch of 'Lead With Care' programme to support its employees who are caregivers to children with disabilities and special needs. This programme will enable employees to avail early preventive care and treatment for children impacted by specific neurodevelopmental, cognitive, behavioural, or physical impairments, said a statement from the company which owns brands such as Ariel, Vicks and Head & Shoulders. "The programme includes medical coverage across diagnosis, doctor consultations, treatment, cost of medicines and devices, and builds on top of the existing medical support the company extends to all its employees and their families, including employees of the LGBTQ+ community," it said. Additionally, the company will facilitate specialised and trained day-care support via certified partners and shall provide an employee assistance programme (EAP) available 24x7 to all employees and their families to navigate this ...

Procter & Gamble's net profit dips by 2% to Rs 207 cr in December quarter

Procter & Gamble Hygiene and Health Care on Monday said its net profit declined 2 per cent to Rs 207 crore for the October-December quarter on account of commodity cost inflation. The company, which follows the July-June financial year, had posted a net profit of Rs 212 crore in the same period of last fiscal. Revenue from operations rose to Rs 1,137 crore in the period under review as against Rs 1,092 crore in the year-ago period, Procter & Gamble said in a statement. "Despite external headwinds and macro-economic environment, we delivered a resilient performance as this quarter recorded sequential progress across topline and bottom line," Procter & Gamble Hygiene and Health Care Managing Director LV Vaidyanathan said. This has been possible behind the company's integrated growth strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organisation, it added. The board of the company on Monday declared an .

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.

Procter & Gamble elevates India-born Bala Purushothaman as Global CHRO

Global Consumer good major Procter & Gamble has appointed India-born Bala Purushothaman as its Chief Human Resource Officer (CHRO). Purushothaman will take on the CHRO role effective January 1, 2023, said a statement from Procter & Gamble. He will take over the role from Tracey Grabowski, who is retiring from the company after a career spanning over three decades, including more than four years as the Global CHRO, it added. "With this, Bala becomes the fourth Indian after Shailesh Jejurikar (COO), Sundar Raman (CEO, Fabric & Home Care), and Kirti Singh (Chief Analytics & Insights Officer) to join the global leadership of the Company in recent years," the company said. Born in Chennai, Purushothaman earned his bachelor's degree in Computer Science & Engineering from the University of Madras and a Master's degree in Human Resources from the Xavier Labour Relations Institute (XLRI), Jamshedpur. He joined P&G in India in 1992 in Human Resources as a Management ...

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

We are open to innovative relationships that come our way: Madison CMD

Nothing is easy in today's world. Being an independent has its own set of challenges, said he

Should India have a deputy PM? Gurcharan and Sanyal air different views

Former P&G CEO Das, who proposed the idea, said this individual should be a leader who would coordinate among different entities to raise competitiveness of the economy

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 India extends benefits to partners of LGBTQ+ staff

FMCG maker Procter & Gamble India on Tuesday said it will extend all company-offered financial and medical benefits to the partners of its LGBTQ+ employees. Earlier these benefits were available to spouses of married employees and will now be extended to the partners of LGBTQ+ (lesbian, gay, bisexual, transgender and queer+) employees as well, Procter & Gamble India said in a statement. From April 1, 2022, partners of LGBTQ+ employees would be covered under the company's medical plan that provides hospitalisation coverage to staff and their dependents, it added. Besides, LGBTQ+ employees can avail emergency financial assistance for their partners, said P&G India which operates here with a portfolio of power brands that include Ariel, Tide, Whisper, Gillette, Oral B, head & shoulders and Vicks. P&G India provides emergency financial assistance to its employees and their partners in case of natural calamity, death of an immediate family member or hospitalisation of ..

Unilever faces fresh pressure over margins as it backs down on M&A

Unilever sees 2022 underlying sales growth of 4.5%-6.5%, announces 3-bn euro buyback

Procter & Gamble Hygiene December quarter profit down 15% to Rs 212 cr

Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported 15.38 per cent decline in net profit at Rs 212.06 crore for the second quarter ended December 31, 2021. The company, which follows July-June financial year, had posted a net profit of Rs 250.62 crore in the year-ago period, it said in a regulatory filing. However, revenue from operations was higher at Rs 1,092.98 crore during the period under review as against Rs 1,018.44 crore in the same period a year ago. The company's stock on Tuesday settled at Rs 14,816.80 on BSE, up 0.09 per cent from the previous close.

Procter & Gamble Home Products FY21 profit up over 3-folds to Rs 482.50 cr

Procter & Gamble Home Products Ltd's net profit has surged over three-folds to Rs 482.50 crore and its revenue from operation grew 6.25 per cent to Rs 6,196.03 crore in the pandemic hit FY21, as per regulatory documents. The FMCG major had logged a net profit of Rs 152.29 crore in FY'20, while its revenue from operation in that year was at Rs 5,831.76 crore. Procter & Gamble Home Products Ltd's (PGHPL) total income went up 6.91 per cent at Rs 6,313.71 crore in the fiscal ended March 2021, as against Rs 5,905.52 crore in the preceding financial year, according to the Registrar of Companies filing - shared by market intelligence firm Tofler. In FY21, PGHPL's other income rose 59.54 per cent to Rs 117.68 crore as against Rs 73.76 crore a year ago. During the financial year 2020-21, its total expenses were at 5,647.78 crore as against Rs 5,610.84 crore in the previous year. The company operates into detergents, baby diapers and hair care products.