Categories Earnings, Health Care, Research Summary
Procter & Gamble Hygiene & Health Care Q2FY23 Earnings Story
In the femcare and healthcare industries, Procter & Gamble Hygiene and Health Care Ltd manufactures and sells branded packaged FMCG. Its portfolio includes Old Spice, VICKS, the top health care brand in India, and WHISPER, the top brand for feminine hygiene.
Financial Results:
Procter & Gamble Hygiene & Health Care’s revenue in Q2FY23 rose 4% to ₹ 1,13,739 lakhs. Consolidated Profit After Tax came at ₹ 20,747 lakhs showcasing a 2% fall YoY over the corresponding period. In this quarter’s results, the reports suggested that the decrease in profits are due to the increase in expenditure.
Strong brand foundations, its trusted product range, good retail execution, as well as a one-time other income during the period from the intercompany sale of inventory all contributed to increased revenue.
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