Why This Large Cap Big Pharma Unit Is Gaining On Q1-Print Today

Shares of Procter & Gamble Hygiene and Health Care were rising on Tuesday after the firm announced robust financial results for the first quarter ended September. The company follows a July-June financial year.

What Happened: The company reported a 36.44% increase in first-quarter profit after tax, which reached ₹210.69 crore compared with ₹154.41 crore in the previous year.

During the quarter, the company’s net sales also displayed remarkable growth, increasing by 9.04% to ₹1,135.06 crore from the prior year’s ₹1,040.92 crore.

See Also: Reliance, BPCL Help Markets Continue Recovery To Start The Week

Revenue from operations for the July-September period reached ₹1,138.35 crore, marking an 8.94% growth from last year. The company attributed this positive trend to superior retail execution and its integrated growth strategy in its earnings report.

The growth in net profit was driven by accelerated volume growth, coupled with a favorable product price-mix and enhanced productivity.

Procter & Gamble Hygiene and Health Care is known for popular brands like Vicks in healthcare and Whisper in women’s care.

The company’s total expenses during the September quarter increased by 2.81% to reach ₹869.65 crore.

Price Action: P&G Hygiene and Health Care shares were up 1.22% at ₹16,885.30 at the start of trade on Tuesday.

Read Next: Markets Could Fall 25% If PM Narendra Modi’s BJP Loses 2024 Election: Jefferies

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EarningsEquitiesMarketsMoversTrading IdeasP&G Hygiene and Health CareP&G