Procter & Gamble Hygiene’s Jul-Sep net profit up 86%

Mumbai, Nov 10 (IANS) Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported an 86 per cent year-on-year growth in its net profit for the July-September quarter at Rs 254 crore.

For the quarter ended September 30, 2020, the company delivered sales of Rs 1,009 crore, up 18 per cent compared to the year ago period, it said in a statement.

The feminine care business delivered double-digit sales growth in the quarter while sales for the healthcare business grew in high single digits.

Managing Director Madhusudan Gopalan 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.”

He said that in the near term the company will continue to prioritise the health and safety of its employees, maximise the availability of its products, which play an essential role in meeting the daily health and hygiene needs of consumers across the country.

“In the long term, we will continue to stay focused on our strategy of driving superiority, improving productivity, and strengthening our organisation and culture to deliver balanced growth,” he said.

–IANS

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