Procter & Gamble Hygiene and Health Care on Wednesday reported a 55.03 per cent increase in net profit at Rs 80.76 crore for the quarter ended March 2014, driven by focus on cost efficiency.
The company, which follows July-June financial year, had reported a net profit of Rs 52.09 crore for the corresponding quarter a year ago.
Procter & Gamble's net sales in the quarter under review rose to Rs 500.35 crore from Rs 416.63 crore in the year-ago period- an increase of 20.09 per cent, the company said in a filing to the BSE.
The company in a statement said it continued to sustain growth momentum "driven by strong consumer centric brand initiatives".
Strong margin growth was the result of focus on productivity across the major cost pools," the statement added.
Overall expenses during the quarter were at Rs 400.72 crore, up 11.48 per cent compared with Rs 359.43 crore in the corresponding period last year.
Shares in Procter & Gamble, on Wednesday, ended at Rs 3,446 apiece on the BSE, up 2.25 per cent from previous close.
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