Procter & Gamble Q4 net profit declines 46 percent to Rs 81 crore

Procter & Gamble Hygiene and Health Care Ltd (PGHH) reported a 46 percent decline in net profit to Rs 81 crore ($10 million) for the fourth quarter, as against a net profit of Rs 151 crore in the year-ago period.

The company’s revenue for the quarter rose to Rs 932 crore, as against Rs 852 crore in the corresponding quarter of the previous fiscal year.

For the full year, PGHH’s profit after tax was flat at Rs 675 crore as against Rs 678 crore in the previous year while its revenue rose 7 percent year-on-year to Rs 4,206 crore.

Commenting on the results, V Kumar, managing director of PGHH in a statement said, “Even in a challenging operating environment, we delivered a balanced growth this year, while continuing to drive category growth through innovations that delight our consumers.”

“These results are a testament to our teams’ execution of the integrated growth strategy, which we remain committed to a focused product portfolio of daily use categories where performance drives brand choice, superiority, productivity, constructive disruption, and an agile organization all aimed at delivering sustainable, balanced growth and value creation,” he added.

Procter & Gamble Health is one of India’s fastest growing FMCG companies with a strong presence in the health and personal care sector.