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Procter & Gamble (P&G), the FMCG segment leader posted a net profit of Rs 144.11 crores, during the quarter ended in September 2018, recording a 24.70 per cent increase which was led by volume growth. The company recorded a net profit of Rs 115.56 crores during the corresponding quarter of the preceding fiscal.
The company, which follows the July-June financial year, said in a BSE filing that the total revenue during the said quarter stood at Rs 815.36 crores, as against Rs 661.13 crores in the same period of the previous fiscal, thus posting a growth of 23.32 per cent.
According to the P&G’s statement, the total expenses during the quarter under discussion rose 23.03 per cent and stood at Rs 594.73 crores as against Rs 483.39 crore in the same period last year.
Madhusudan Gopalan, P&G Hygiene and Health Care, Managing Director stated, “We generated strong top and bottom line results this quarter driven by robust volume growth, category development and execution excellence.”
He also added, “We will continue to focus on raising the bar on the superiority of our products, packaging, go-to-market and communication, improving productivity and strengthening our organization and culture.”
