Latest News | Procter & Gamble Q2 Net Profit Dips 2 Pc to Rs 207 Crore

New Delhi, Feb 6 (PTI) Procter & Gamble Hygiene and Health Care on Monday said its net profit declined 2 per cent to Rs 207 crore for the October-December quarter on account of commodity cost inflation.

The company, which follows the July-June financial year, had posted a net profit of Rs 212 crore in the same period of last fiscal.

Also Read | Adani Group Shares End Lower; Group Companies' Combined Mcap Dips by Rs 9.5 Lakh Crore.

Revenue from operations rose to Rs 1,137 crore in the period under review as against Rs 1,092 crore in the year-ago period, Procter & Gamble said in a statement.

"Despite external headwinds and macro-economic environment, we delivered a resilient performance as this quarter recorded sequential progress across topline and bottom line," Procter & Gamble Hygiene and Health Care Managing Director LV Vaidyanathan said.

Also Read | Adani Group Promoters To Prepay USD 1.11 Billion-Loans To Release Pledged Shares.

This has been possible behind the company's integrated growth strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organisation, it added.

The board of the company on Monday declared an interim dividend of Rs 80 on every share of Rs 10.

(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)