Procter & Gamble

P&G launches programme for employees who are caregivers to disable children

FMCG major Procter & Gamble India on Tuesday announced the launch of 'Lead With Care' programme to support its employees who are caregivers to children with disabilities and special needs. This programme will enable employees to avail early preventive care and treatment for children impacted by specific neurodevelopmental, cognitive, behavioural, or physical impairments, said a statement from the company which owns brands such as Ariel, Vicks and Head & Shoulders. "The programme includes medical coverage across diagnosis, doctor consultations, treatment, cost of medicines and devices, and builds on top of the existing medical support the company extends to all its employees and their families, including employees of the LGBTQ+ community," it said. Additionally, the company will facilitate specialised and trained day-care support via certified partners and shall provide an employee assistance programme (EAP) available 24x7 to all employees and their families to navigate this ...

Procter & Gamble's net profit dips by 2% to Rs 207 cr in December quarter

Procter & Gamble Hygiene and Health Care on Monday said its net profit declined 2 per cent to Rs 207 crore for the October-December quarter on account of commodity cost inflation. The company, which follows the July-June financial year, had posted a net profit of Rs 212 crore in the same period of last fiscal. Revenue from operations rose to Rs 1,137 crore in the period under review as against Rs 1,092 crore in the year-ago period, Procter & Gamble said in a statement. "Despite external headwinds and macro-economic environment, we delivered a resilient performance as this quarter recorded sequential progress across topline and bottom line," Procter & Gamble Hygiene and Health Care Managing Director LV Vaidyanathan said. This has been possible behind the company's integrated growth strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organisation, it added. The board of the company on Monday declared an .

P&G Hygiene and Health Care Q2 profit dips 2% to Rs 207 cr as costs surge

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.

Procter & Gamble elevates India-born Bala Purushothaman as Global CHRO

Global Consumer good major Procter & Gamble has appointed India-born Bala Purushothaman as its Chief Human Resource Officer (CHRO). Purushothaman will take on the CHRO role effective January 1, 2023, said a statement from Procter & Gamble. He will take over the role from Tracey Grabowski, who is retiring from the company after a career spanning over three decades, including more than four years as the Global CHRO, it added. "With this, Bala becomes the fourth Indian after Shailesh Jejurikar (COO), Sundar Raman (CEO, Fabric & Home Care), and Kirti Singh (Chief Analytics & Insights Officer) to join the global leadership of the Company in recent years," the company said. Born in Chennai, Purushothaman earned his bachelor's degree in Computer Science & Engineering from the University of Madras and a Master's degree in Human Resources from the Xavier Labour Relations Institute (XLRI), Jamshedpur. He joined P&G in India in 1992 in Human Resources as a Management ...

P&G India set up Rs 200-cr 'Technovate Fund' to solve business challenges

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

We are open to innovative relationships that come our way: Madison CMD

Nothing is easy in today's world. Being an independent has its own set of challenges, said he

Should India have a deputy PM? Gurcharan and Sanyal air different views

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

P&G Hygiene and Health Care net profit rises 4.6% to Rs 102.85 cr in Q3

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

Procter & Gamble India extends benefits to partners of LGBTQ+ staff

FMCG maker Procter & Gamble India on Tuesday said it will extend all company-offered financial and medical benefits to the partners of its LGBTQ+ employees. Earlier these benefits were available to spouses of married employees and will now be extended to the partners of LGBTQ+ (lesbian, gay, bisexual, transgender and queer+) employees as well, Procter & Gamble India said in a statement. From April 1, 2022, partners of LGBTQ+ employees would be covered under the company's medical plan that provides hospitalisation coverage to staff and their dependents, it added. Besides, LGBTQ+ employees can avail emergency financial assistance for their partners, said P&G India which operates here with a portfolio of power brands that include Ariel, Tide, Whisper, Gillette, Oral B, head & shoulders and Vicks. P&G India provides emergency financial assistance to its employees and their partners in case of natural calamity, death of an immediate family member or hospitalisation of ..

Unilever faces fresh pressure over margins as it backs down on M&A

Unilever sees 2022 underlying sales growth of 4.5%-6.5%, announces 3-bn euro buyback

Procter & Gamble Hygiene December quarter profit down 15% to Rs 212 cr

Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported 15.38 per cent decline in net profit at Rs 212.06 crore for the second quarter ended December 31, 2021. The company, which follows July-June financial year, had posted a net profit of Rs 250.62 crore in the year-ago period, it said in a regulatory filing. However, revenue from operations was higher at Rs 1,092.98 crore during the period under review as against Rs 1,018.44 crore in the same period a year ago. The company's stock on Tuesday settled at Rs 14,816.80 on BSE, up 0.09 per cent from the previous close.

Procter & Gamble Home Products FY21 profit up over 3-folds to Rs 482.50 cr

Procter & Gamble Home Products Ltd's net profit has surged over three-folds to Rs 482.50 crore and its revenue from operation grew 6.25 per cent to Rs 6,196.03 crore in the pandemic hit FY21, as per regulatory documents. The FMCG major had logged a net profit of Rs 152.29 crore in FY'20, while its revenue from operation in that year was at Rs 5,831.76 crore. Procter & Gamble Home Products Ltd's (PGHPL) total income went up 6.91 per cent at Rs 6,313.71 crore in the fiscal ended March 2021, as against Rs 5,905.52 crore in the preceding financial year, according to the Registrar of Companies filing - shared by market intelligence firm Tofler. In FY21, PGHPL's other income rose 59.54 per cent to Rs 117.68 crore as against Rs 73.76 crore a year ago. During the financial year 2020-21, its total expenses were at 5,647.78 crore as against Rs 5,610.84 crore in the previous year. The company operates into detergents, baby diapers and hair care products.

FMCG firm Procter & Gamble Q4 net profit down 29% to Rs 49 crore

FMCG firm Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported a 29.2 per cent decline in its net profit at Rs 48.98 crore for the quarter ended June 2021. The company, which follows the July-June financial year, had posted a net profit of Rs 69.21 crore in the corresponding period of the previous fiscal, it said in a regulatory filing. However, revenue from operations rose 23.96 per cent to Rs 786.59 crore as against Rs 634.53 crore in the April-June period last year. Revenue from operations for the full fiscal stood at Rs 3,574.14 crore. Shares of the company on Wednesday settled at Rs 13,112.75 on BSE, up 0.65 per cent from the previous close.

Pricing, ad spends to sustain P&G Hygiene's out-performance in near term

Brokerages have upgraded the stock on expectations of double digit growth

HDFC Bank, IndusInd in 'red flag' list on nearing foreign investment cap

A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit

P&G hikes forecast on sustained Covid-led demand for cleaning products

The maker of Tide and Ariel detergent has also benefited from people washing their clothes more often and its organic sales overall rose 9 per cent in the first quarter

Pricey valuation pull down P&G Hygiene stock despite strong Q4 results

A resilient portfolio and margin gains though can help earnings grow at 18-20 per cent annually over next two years

Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1

Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.

Television, digital ads grow at 40% and 60% of pre-Covid levels: Experts

Media industry experts and agency heads point to a revival in TV and digital advertising in June, as big spenders such as FMCG, automobiles, and e-commerce get operations back to pre-Covid-19 levels

Manjushree Technopack bets big on inorganic growth, eyes acquisitions

"We are more aggressive than earlier, and we see the Covid-19 crisis as an opportunity to grab some businesses that make sense to us," said Sanjay Kapote, CEO, MTL