Procter & Gamble net up 55.03 pc at Rs 80.76 cr in Jan-Mar

Tags: Companies
Procter & Gamble Hygiene and Health Care today reported 55.03 per cent increase in net profit at Rs 80.76 crore in the quarter ended March 31, 2014, driven by focus on cost efficiency.

The company, which follows July-June financial year, had reported a net profit of Rs 52.09 crore in the corresponding period of the last fiscal.

Procter & Gamble's net sales in the quarter under review stood at Rs 500.35 crore, an increase of 20.09 per cent compared to Rs 416.63 crore in the year-ago period, the company said in a BSE filing.

"The company continued to sustain growth momentum ... driven by strong consumer centric brand initiatives. Strong margin growth was the result of focus on productivity across the major cost pools," Procter & Gamble said in a statement.

Overall expenses during the quarter were at Rs 400.72 crore, up 11.48 per cent compared with Rs 359.43 crore in the corresponding period last year.

Shares of Procter & Gamble's settled at Rs 3,446, up 2.25 per cent from previous close on the BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Ordinances are being used as an easy route to push tough political agendas

    Article 123 of the Constitution of India remains a landmark feature of the country’s most important judicial document.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Uncertainty in climate sensitivity

Climate sensitivity is a metric used to characterise the response ...

Zehra Naqvi

A thrilling journey

Amrita Chowdhury could well be India’s Jeffery Archer. Edge-of-the-seat thriller ...

Bubbles Sabharwal

Time to gift ourselves some good cheer

The other day, my labrador Cesar asked me, “You do ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture