Procter & Gamble Health Ltd Q1 net profit jumps 26 percent to Rs 82 crore

Procter & Gamble Health Ltd reported a 26 percent increase in net profit to Rs 82 crore ($10 million) for the first quarter ended September 30, as against a net profit of Rs 66 crore in the year-ago period.

The company’s revenue for the quarter rose by 3 percent to Rs 313 crore, as against Rs 305 crore in the corresponding quarter of the previous fiscal year.

Commenting on the results, Milind Thatte, managing director of P&G Health India in a statement said, “Our first quarter results represent a sequential improvement. Our strategy, centred on a focused portfolio of quality, trusted, and highly recommended brands where performance drives brand choice; superiority, constructive disruption and an agile accountable organization.”

“We continue to invest in initiatives that address the evolving needs of both consumers and healthcare professionals, along with strengthening our go-to-market model. We have also strengthened our reach, distribution, and retail execution, positioning us for long-term competitiveness,” he added.

Procter & Gamble Health Limited has a strong portfolio of brands in the health and wellness segments.