Comments
Procter & Gamble Hygiene and Health Care on Tuesday reported a 85.51 per cent jump in profit at Rs 253.86 crore for the first quarter ended September.
The company had posted a profit of Rs 136.84 crore in the year-ago period, it said in a regulatory filing.
The company follows July-June financial year.
Total income during the quarter stood at Rs 1,019.01 crore as compared to Rs 863.16 crore in the year-ago period, a growth of 18.05 per cent.
The company attributed the increase in profit to “focus on productivity, one-time hurt in the corresponding quarter of the previous year, and a one-time help in the current quarter“.
Madhusudan Gopalan, Managing Director, Procter & Gamble Hygiene and Health Care Ltd said: We delivered strong top and bottom-line results in a challenging market environment. With the easing of the lockdown, we are witnessing gradual market recovery in the health and hygiene categories. Our production and service are now back to pre-COVID levels.”
Shares of the company settled 10.91 per cent higher at Rs 11,344.20 on BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.