Procter & Gamble (P&G) Hygiene & Health Care reported a 29 per cent drop in net profit to Rs 154 crore on a 1 per cent went down in sales to Rs 1,045 crore in the first quarter of FY23 over in the first quarter of FY22.

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Total expenses hit a high of 10 per cent YoY to Rs 846 crore in the first quarter of FY23. Profit before tax in the first quarter of FY23 stood at Rs 206 crore, which fell by 30 per cent from Rs 294 crore recorded in the first quarter of FY22. “The company continues to maintain market share leadership across both Feminine Hygiene and Healthcare categories, Procter & Gamble Hygiene said in a statement.

This company is one of the leading FMCG companies in India that has in its portfolio VICKS – India’s No. 1 health care brand and Old Spice, as well as WHISPER – the leading feminine hygiene brand of India. On the Bombay Stock Exchange (BSE), the stock shed 0.82 per cent to recent trade at Rs 13990.20.