Procter And Gamble

Former P&G CEO Das, who proposed the idea, said this individual should be a leader who would coordinate among different entities to raise competitiveness of the economy

The company delivered profitable double-digit growth

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 ...

FMCG firm Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported an 84.37 per cent increase in its net profit to Rs 250.62 crore for the second quarter ended December 2020. The company, which follows July-June financial year, had posted a net profit of Rs 135.93 crore in the corresponding quarter previous fiscal, Procter & Gamble said in a regulatory filing. Its revenue from operations surged 18.52 per cent to Rs 1,018.44 crore during the period under review as against Rs 859.27 crore in the October-December period last fiscal. "Both the feminine care and healthcare business delivered strong double-digit growth in the quarter and grew ahead of category," the company said in an earnings statement. The company has delivered double-digit profit growth for the second consecutive quarter this year, its Managing Director Madhusudan Gopalan said. "The growth was driven by the strength of our trusted product portfolio, strong retail execution and strong market recovery in .

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.

Stock trading at over 50x FY20 earnings estimates; this limits the upside for investors

The multinational is focusing more on key markets like the US and China, with India contributing only 2% to its revenues

The stock was up 3% at Rs 6,825 after the company posted a 50% YoY jump in profit at Rs 103.72 crore in Q1