Procter & Gamble Health profit falls by 34% to Rs 45 cr in Oct-Dec

AgenciesUpdated: Wednesday, February 09, 2022, 03:36 PM IST
article-image
Procter & Gamble Hygiene and Health Care Ltd said that the total sales increased to Rs 273 crore for the period under review as against Rs 238 crore a year ago. |

Procter & Gamble Health stated that its profit after tax declined by nearly 34 per cent to Rs 45 crore for the quarter ended on December 31, 2021.

The company said that the total sales increased to Rs 273 crore for the period under review as against Rs 238 crore a year ago, Procter & Gamble Health said.

The dip in PAT in December quarter is due to higher investments in marketing initiative to support growth in current year and one-time reversal in the base period, it added.

''The pandemic has made consumers overall more cognizant of their health and wellness needs, with a growing demand for trusted brands for themselves and their families as they live in the new normal. ''Our teams continued to step up on category and brand building efforts through innovative scientific forums, consumer awareness and pharmacy education initiatives,” Procter & Gamble Health Managing Director Milind Thatte stated.

(With inputs from PTI)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

BPCL to bring in oil from Brazil to reduce reliance on any particular region

BPCL to bring in oil from Brazil to reduce reliance on any particular region

After Rupee hits record low, Fin Min says it has held up better than other currencies

After Rupee hits record low, Fin Min says it has held up better than other currencies

The government seeks public feedback on India’s new telecom bill to bring WhatsApp and Zoom under...

The government seeks public feedback on India’s new telecom bill to bring WhatsApp and Zoom under...

Bengaluru-based bakery emerges as giant killer by defeating Amazon in 4-year-long court battle

Bengaluru-based bakery emerges as giant killer by defeating Amazon in 4-year-long court battle

Tesla CEO Elon Musk deploys 'Starlink' in Iran as internet access is restricted amid widespread...

Tesla CEO Elon Musk deploys 'Starlink' in Iran as internet access is restricted amid widespread...