Latest News | BIZ-RESULTS-P&G HEALTH P&G Health Q2 Net Profit Dips 6 Pc to Rs 72 Crore
Get latest articles and stories on Latest News at LatestLY. Procter & Gamble Health Ltd on Tuesday said its profit after tax declined 6 per cent to Rs 72 crore for the second quarter ended December 2023.
New Delhi, Feb 6 (PTI) Procter & Gamble Health Ltd on Tuesday said its profit after tax declined 6 per cent to Rs 72 crore for the second quarter ended December 2023.
The company had reported a Profit After Tax (PAT) of Rs 77 crore in the October-December period of the last fiscal.
Total income for the period under review stood at Rs 315 crore as against Rs 314 crore in the year-ago period, Procter & Gamble Health said in a regulatory filing.
The company follows a July-June financial year.
"This has been a challenging quarter for the company on account of an overall slowdown in the vitamins, minerals and supplements category coupled with a delayed seasonal onset," P&G Health India MD Milind Thatte said.
With improved productivity, efficiency and continued strategic investments, the company has been able to deliver a modest topline and bottomline, he added.
The company said its board has declared an interim dividend of Rs 200 per share for the financial year 2023-24.
Shares of the company settled 3.7 per cent higher at Rs 5,328.50 apiece on the BSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)