P&G

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The management said that the higher PAT growth was supported by improved margin through portfolio premiumisation, healthy mix and optimization of expenses,

CHENNAI/BENGALURU (Reuters) - India's Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a drop in second-quarter profit, hit by higher cost of commodities and a slowdown in the broader fast-moving consumer goods (FMCG) sector in the country.

The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform

FMCG major Procter & Gamble India on Tuesday announced a Rs 200 crore 'technovate fund' to help solve business challenges by fostering innovation, and leveraging innovative technology in collaboration with existing and new external suppliers. This fund is in addition to the Rs 1,300 crore that P&G has already committed over the past four years through its initiative vGrow, the company said in a statement. The US company's domestic arm said the fund will include solutions that will further strengthen its capabilities and drive innovation across various verticals. These include brand building and awareness, consumer research, go-to-market, and supply chain, as well as well as key focus areas such as digital analytics, transportation and warehousing, sustainability, and the future of payments. Through this fund, P&G aims to collaborate with external partners and innovators to help solve business challenges by leveraging innovative technology. L V Vaidyanathan, the chief ...

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The company delivered profitable double-digit growth

Procter & Gamble Hygiene and Health Care Ltd on Thursday reported a 4.59 per cent increase in its net profit to Rs 102.85 crore for the third quarter ended March 2022. The company, which follows July-June financial year, had posted a net profit of Rs 98.33 crore in the corresponding period last year, Procter & Gamble Hygiene and Health Care Ltd said in a regulatory filing. Its revenue from operations rose 28.11 per cent to Rs 973.26 crore during the period under review against Rs 759.66 crore in the January-March period last year. Procter & Gamble's profit was driven by a continued focus on productivity and a one-time hurt due to retrospective tax law change, the company said in an earnings statement. "Excluding this one-time impact, PAT was up 20 per cent vs year ago, despite commodity inflation," it said. Its total expenses were at Rs 828.19 crore, up 28.36 per cent against Rs 645.18 crore. Procter & Gamble Hygiene and Health Care Managing Director Madhusudan Gopalan

Global FMCG firm Procter & Gamble on Tuesday announced the appointment of L V Vaidyanathan as the Chief Executive Officer for its operations in India from July 1, 2022. Vaidyanathan will take over from Madhusudan Gopalan, who will be taking up a leadership role within P&G as Senior Vice President Grooming & Oral Care, P&G Japan and Korea, the company said in a statement. Currently he is leading P&G business in Indonesia as CEO where he has been "responsible for industry-leading growth and value creation for the company", it added. "Under his leadership, the Indonesian business has transformed to become value accretive for the parent company and has overtaken a formidable competitor in the market by turning around the share gap in the last four years," P&G said. An alumnus of IIM Ahmedabad, Vaidyanathan had joined P&G in 1995 as an intern and joined the India sales team straight from campus in 1996. He has experience of over 26 years across diverse ...

Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported 14 per cent decline in net profit at Rs 218.29 crore for the first quarter ended September 30, 2021 impacted by commodity cost inflation. The company, which follows July-June fiscal, had posted a net profit of Rs 253.86 crore in the same quarter last year, it said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 1,058.30 crore as against Rs 1,009.45 crore in the corresponding period a year ago, it added. During the quarter, total expenses surged to Rs 770.26 crore from Rs 683.31 crore in the year-ago period. Cost of raw materials consumed stood at Rs 343.04 crore as compared to Rs 328.96 crore. "Despite a challenging market environment and a higher base period, we delivered strong growth in the first quarter driven by the strength of our trusted product portfolio and strong retail execution," company's Managing Director Madhusudan Gopalan said. He further said as the ...

Procter & Gamble has announced the appointment of Sundar Raman as the global CEO of the company's fabric and home care division, which includes P&G's most iconic brands like Ariel, Tide, Ambipur and Downy.

Procter & Gamble (P&G) on Friday announced the appointment of Shailesh Jejurikar as the global Chief Operating Officer (COO), making him the first Indian to do so. This is in line with the change at the Chief Executive Officer level with Jon Moeller taking over from David Taylor. "In October, Shailesh Jejurikar will become P&G's Chief Operating Officer (COO). As COO, Shailesh will have profit/loss responsibility for P&G's Enterprise Markets (Latin America, India, Middle East, Africa, Southeast Asia, and Eastern Europe)," P&G said in a statement. He will also lead Information Technology, Global Business Services, Sales, Market Operations, New Business, Purchasing, Manufacturing, and Distribution efforts for the company, the company added. Currently, Shailesh is the Chief Executive Officer of Procter & Gamble's largest business sector, Fabric and Home Care, which includes brands such as Tide, Ariel, Downy, Gain, Febreze, Swifferand represents about one-third of ..

(Reuters) -Procter & Gamble Co expects higher core earnings this year despite warning of a nearly $2 billion hit from rising commodity and transportation expenses, relying on price increases and cost cuts to cushion the hit to its margins.

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Company's revenues improved by 18 per cent in September quarter compared to over the year-ago quarter, with growth coming from its portfolio of brands.

(Reuters) - Procter & Gamble Co raised its full-year sales forecast on Tuesday as the consumer products giant benefited from a surge in demand for Bounty paper towels, Tide detergent and other cleaning supplies due to the COVID-19 pandemic.

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Procter & Gamble Health, formerly known as Merck, on Wednesday reported a 10.8 per cent jump in June quarter net profit at Rs 48.9 crore. The profit growth came despite a fall in sales to Rs 200.3 crore due to the COVID-19 pandemic, as against Rs 224.9 crore in the April-June period of last year. "The company delivered a strong double-digit growth for four successive quarters up until the onset of the unprecedented COVID-19 pandemic. Despite initial impact on account of disruption in business operations, the company continues to demonstrate a resilient performance," its Managing Director Milind Thatte said. Protecting the health and safety of employees and partners, continuing to serve consumers, and support communities and relief efforts have been the company's priorities during the pandemic time, he added. In the 18 months to June, the company reported sales of Rs 1,329 crore. The sales figure had stood at Rs 818.2 crore in the calendar year 2018, it said in a statement. Profit

The board recommended a final dividend of Rs 230 per equity share (including a one-time special dividend of Rs 188 per equity share) for the financial year ended June 30, 2020.