Procter & Gamble Hygiene and Health Care Ltd. (PGHHCL) announced today its financial results for the fiscal ended June 30, 2019. The company delivered sales of Rs. 2,947 crores, up 20% vs. year ago (comparable sales* up 14%) behind strong brand fundamentals and strength of the product portfolio. The Profit After Tax (PAT) was Rs. 419 crores, up 12% vs. a year ago. For the quarter ended June 30, 2019, the sales were Rs. 637 crores up 21% vs. a year ago (comparable sales* up 12%).
Madhusudan Gopalan, Managing Director, Procter & Gamble Hygiene and Health Care Ltd. said, "In a challenging market environment, we delivered strong double-digit growth for the year and the fourth quarter. Our focus on raising the bar on superiority, improving productivity, and strengthening the organization culture has enabled us to deliver strong results consistently throughout the fiscal. We will continue to focus on delivering balanced and sustained growth in a challenging and competitive macroeconomic environment."
Both the Feminine Care and Health Care businesses recorded double-digit growth during the year behind strong brand fundamentals, strength of the portfolio and improved in-store execution.
The directors have recommended a final dividend of Rs. 48/- per Equity Share for the Financial Year ended June 30, 2019, subject to the approval of Shareholders of the company at the ensuing 55th Annual General Meeting.
Shares of PROCTER & GAMBLE HYGIENE & HEALTH CARE LTD. was last trading in BSE at Rs.10351.2 as compared to the previous close of Rs. 10267.15. The total number of shares traded during the day was 186 in over 96 trades.
The stock hit an intraday high of Rs. 10351.2 and intraday low of 10201. The net turnover during the day was Rs. 1909998.
*Comparable sales is reported sales adjusted for impact of GST exemption on sanitary napkins versus previous year