Shares of Procter and Gamble Hygiene and Health Care Ltd. gained as much as 11% after the company reported its first quarter earnings on Wednesday, July 30.Its net profit increased to ₹192 crore in the June quarter from ₹81 crore in the year-ago period.
The company’s revenue was up marginally to 0.6% at ₹937 crore from ₹932 crore in the previous year.
Its earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to ₹266 crore from ₹118 crore in the June quarter last fiscal.
P&G’s margin expanded to 28.4% from ₹12.7% in the year-ago period.“Despite the continually challenging operating environment, our team came together to execute our integrated growth strategy – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization,” Kumar Venkatasubramanian, Managing Director, Procter & Gamble Hygiene and Health Care said.
The company’s revenue was up marginally to 0.6% at ₹937 crore from ₹932 crore in the previous year.
Its earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to ₹266 crore from ₹118 crore in the June quarter last fiscal.
P&G’s margin expanded to 28.4% from ₹12.7% in the year-ago period.“Despite the continually challenging operating environment, our team came together to execute our integrated growth strategy – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization,” Kumar Venkatasubramanian, Managing Director, Procter & Gamble Hygiene and Health Care said.
P&G shares gained 11.06% to hit an intraday high of ₹14,540 apiece after reporting their quarterly earnings.
The stock was trading 6.1% higher at ₹13,889 apiece around 2pm. It has gained 2.7% in the past month.
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