Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 29, 2024

P&G Hygiene Shares Hit Two-Month Low After Net Profit Declines In June Quarter

P&G Hygiene Shares Hit Two-Month Low After Net Profit Declines In June Quarter
Range of Procter and Gamble Hygiene and Healthcare Ltd.'s products. (Source: Company website)
STOCKS IN THIS STORY
Procter & Gamble Hygiene & Health Care Ltd.
--

Shares of Procter & Gamble Hygiene and Health Care Ltd. fell to their lowest in two months, after the company's fourth quarter net profit fell 46% year-on-year to Rs 81 crore.

The company's board also recommended a final dividend of Rs 95 per share, subject to shareholders' approval.

The company follows the July - June financial year.

"Despite a continually challenging operating and competitive environment, the company reported sales of Rs 4,192 crore, up 7% versus year ago, owing to innovation, premiumisation and driving category growth in the feminine hygiene category," it said in a press release.

The company's profit after tax was flat year-on-year at Rs 675 crore, driven by significant impact of one-time tax related items both in the base period and current period, it said.

Procter And Gamble Q4 FY25 Result Highlights (Year-On-Year)

  • Revenue up 9.8% at Rs 932 crore vs Rs 849 crore.

  • Ebitda down 44% at Rs 118 crore vs Rs 211 crore.

  • Margin at 12.7% vs 24.85%, down 1,219 bps.

  • Net profit down 46% at Rs 81 crore vs Rs 151 crore.

Shares of the company fell as much as 3.8%, the lowest level since June 27, before paring gains to trade 3% lower at Rs 16,490 apiece, as of 9:53 a.m. This compares to a 0.2% advance in the NSE Nifty 50.

The stock has fallen 5% year-to-date, but risen 3.2% in the last 12 months. Total traded volume on the NSE so far in the day stood at 1.53 times its 30-day average. The relative strength index was at 38.44.

Out of three analysts tracking the company, two maintain a 'buy' rating and one recommends a 'hold', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 7.3%.

Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search