Page 3 - Procter & Gamble
FMCG firm Procter & Gamble Q4 net profit down 29% to Rs 49 crore
FMCG firm Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported a 29.2 per cent decline in its net profit at Rs 48.98 crore for the quarter ended June 2021. The company, which follows the July-June financial year, had posted a net profit of Rs 69.21 crore in the corresponding period of the previous fiscal, it said in a regulatory filing. However, revenue from operations rose 23.96 per cent to Rs 786.59 crore as against Rs 634.53 crore in the April-June period last year. Revenue from operations for the full fiscal stood at Rs 3,574.14 crore. Shares of the company on Wednesday settled at Rs 13,112.75 on BSE, up 0.65 per cent from the previous close.
 "FMCG firm Procter & Gamble Q4 net profit down 29% to Rs 49 crore")
Pricing, ad spends to sustain P&G Hygiene's out-performance in near term
Brokerages have upgraded the stock on expectations of double digit growth
 "Pricing, ad spends to sustain P&G Hygiene's out-performance in near term")
HDFC Bank, IndusInd in 'red flag' list on nearing foreign investment cap
A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit
 "HDFC Bank, IndusInd in 'red flag' list on nearing foreign investment cap")
P&G hikes forecast on sustained Covid-led demand for cleaning products
The maker of Tide and Ariel detergent has also benefited from people washing their clothes more often and its organic sales overall rose 9 per cent in the first quarter
 "P&G hikes forecast on sustained Covid-led demand for cleaning products")
Pricey valuation pull down P&G Hygiene stock despite strong Q4 results
A resilient portfolio and margin gains though can help earnings grow at 18-20 per cent annually over next two years
 "Pricey valuation pull down P&G Hygiene stock despite strong Q4 results")
Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1
Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.
 "Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1")
Television, digital ads grow at 40% and 60% of pre-Covid levels: Experts
Media industry experts and agency heads point to a revival in TV and digital advertising in June, as big spenders such as FMCG, automobiles, and e-commerce get operations back to pre-Covid-19 levels
 "Television, digital ads grow at 40% and 60% of pre-Covid levels: Experts")
Manjushree Technopack bets big on inorganic growth, eyes acquisitions
"We are more aggressive than earlier, and we see the Covid-19 crisis as an opportunity to grab some businesses that make sense to us," said Sanjay Kapote, CEO, MTL
 "Manjushree Technopack bets big on inorganic growth, eyes acquisitions")
Advertisers retune the gender pitch, show women as decision makers
During lockdown, advertisements are targeting women as decision makers of the household, but brands need to be cautious about the tone and narrative, say experts
 "Advertisers retune the gender pitch, show women as decision makers")
Logging in with facemasks: Offices look different as staff returns to work
Office life in these cities resumed on Monday, albeit cautiously and with full knowledge of the need to maintain social distancing.
 "Logging in with facemasks: Offices look different as staff returns to work")
P&G in tough spot as focus on revenue growth leads to compromise on profit
The gain was largely on account of the tax cuts announced in September. On the operating front, however, the key metrics look weak both on the revenue and margin fronts
Procter & Gamble India sets up Rs 200-crore fund focused on climate
The new fund is in addition to its innovation sourcing fund that the company, the local unit of the world's largest consumer goods firm P&G, had launched last year
 "Procter & Gamble India sets up Rs 200-crore fund focused on climate")
Procter & Gamble strikes back at doubters with surprisingly strong sales
Results are positive for 'beleaguered' industry, analyst says
 "Procter & Gamble strikes back at doubters with surprisingly strong sales")
Procter & Gamble sets up innovation sourcing fund in India for start-ups
The company kicked off an external partner summit in Mumbai on Wednesday to help it identify firms that it could work with
Procter & Gamble claims narrow win over Peltz in proxy challenge
(Reuters) - Procter & Gamble Co said on Tuesday activist hedge fund manager Nelson Peltz lost his fight to win a seat on the company's board, according to a preliminary tally of shareholder votes in the biggest and most expensive proxy contest ever.
 "Procter & Gamble claims narrow win over Peltz in proxy challenge")
FY17 a blip for Procter & Gamble Hygiene
Growth rates expected to pick up, but steep stock valuation a hurdle
 "FY17 a blip for Procter & Gamble Hygiene")
Struggles at P&G draw scrutiny of activist investor
Those struggles attracted the attention of Nelson Peltz, a billionaire investor & shareholder
Cut-throat competition
Shave Club syndrome nicks P&G makeover
P&G stabilises its operations in India
Latest financial results of its listed firms show it is slowly but steadily bouncing back in the country
