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Procter and Gamble (P&G), an international FMCG conglomerate which follows July-June financial year reported their quarterly results with a net profit of Rs. 44.55 crores, posting a 43% downfall as compared to the Rs. 78.04 crores profit recorded during the corresponding quarter of the previous fiscal year.
The total revenue for the company during the quarter under review stood at Rs. 531.48 crores as against the total revenue of Rs. 540.77 crores in the same quarter period of the year ago. P&G incurred Rs. 457.1 crores as their total expenses during the June-end quarter.
The company’s net profit also went downwards to 13.43% at Rs. 374.6 crores during the financial year 2017-18 in comparison to Rs. 432.73 crores amounted during the financial year 2016-17. The company reported its total annual income at Rs.2479.36 crores earned during the financial year 2017-18 whereas the total revenue during the financial year 2016-17 stood at Rs. 2496.43 crores.
The company said in a statement, “this is largely behind low non-operating income and increased marketing investments.”
