Procter & Gamble (P&G) Hygiene and Health Care Ltd. announced today its financial results for the fiscal and quarter ended June 30, 2020. Business operations were severely disrupted across the country following the nation-wide lockdown imposed to contain the spread of COVID-19.
In this unprecedented environment, the company delivered a resilient performance in the fiscal with sales of Rs3,002cr, up 2% vs. a year ago and Profit After Tax (PAT) of Rs433cr, up 3% vs. a year ago.
For the quarter ended June 30, 2020, the company delivered sales of Rs635cr, flat vs year ago.
The stock ended at Rs10,257.90 up by Rs124.85 or 1.23% from its previous closing of Rs10,133.05 on the BSE.
The Profit After Tax (PAT) of Rs69cr, up 14% vs. year ago largely behind lower tax rates and a one-time hurt in the corresponding quarter of the previous year.
The directors have recommended a final dividend of Rs105/- per equity share for the Financial Year ended June 30, 2020, subject to the approval of Shareholders of the company at the ensuing 56th Annual General Meeting.
Madhusudan Gopalan, Managing Director, Procter & Gamble Hygiene and Health Care Ltd. said, “During this unprecedented crisis, we are prioritizing the health and safety of our employees and maximizing the availability of our products, which play an essential role in meeting the daily health and hygiene needs of our consumers across the country. We delivered resilient results during this unprecedented crisis behind our strategy to focus on superiority and productivity, enabled by the commitment and agility of our organization to serve our consumers and communities. While the unprecedented market challenges and uncertainties remain in the near-term, we will continue to stay focused on our strategy to drive superiority and improve productivity and aim to drive balanced growth.”
He further added, “Through our COVID-19 response and relief program ‘P&G Suraksha India’, we are stepping up to serve the community by partnering with government and relief organizations through in-kind, product and critical supplies donations, and are creating awareness about preventive measures to combat the spread of COVID-19.”
