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Procter & Gamble (P&G) today reported 47 per cent increase in net profit at Rs 52 crore for the last quarter ended June 2013.
The FMCG major had reported net profit of Rs 35 crore in the same quarter (April-June) in the previous financial year.
P&G follows July-June financial year.
For the last quarter ended June, the company’s net sales grew by 35 per cent to Rs 423.08 crore, from Rs 313.09 crore a year earlier, it said in a filing with BSE.
For the full fiscal ended June, 2013, its net profit grew by 12 per cent to Rs 203.22 crore from Rs 181.29 crore in the previous fiscal.
“PAT (profit after tax) for the year is up 12 per cent, as higher effective tax rates impacted net margins,” it said in a statement.
Total sales during the fiscal increased 30 per cent to Rs 1,685 crore from Rs 1,295 crore a year ago.
“Our strong year-over-year sales growth is a result of continued sales momentum across categories, driven by our focus on improving the lives of our consumers...We will continue to focus on leveraging innovation,” said Managing Director, Shantanu Khosla.
The company also recommended a final dividend of Rs 25 per equity share for the financial year ended June 30, 2013 that will be paid on approval of the shareholders at the 49th Annual General Meeting.
Shares of the company today closed at Rs 2,828.70 apiece on the BSE, up 1.33 per cent from the previous close.
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