City
Epaper

P&G HHCL reports 6 pc fall in Q4 sales as COVID-19 challenges linger

By ANI | Updated: May 8, 2020 13:30 IST

FMCG major Procter & Gamble Hygiene and Health Care Ltd (PGHHCL) on Friday reported sales of Rs 656 crore in the quarter ending March, down 6 per cent from Rs 699 crore in the year-ago period.Gopalan said the company is also stepping up to be a force for good through its COVID-19 response and relief programme under which it will support government and relief orgsations through in-kind, product and critical supplies donations, and create awareness about preventive measures to combat the spread of COVID-19.

Open in App

FMCG major Procter & Gamble Hygiene and Health Care Ltd (PGHHCL) on Friday reported sales of Rs 656 crore in the quarter ending March, down 6 per cent from Rs 699 crore in the year-ago period.

The profit after tax, however, moved up 1 per cent to Rs 91 crore from Rs 90 crore in the same period.

The company was forecasting high single-digit sales growth for the quarter before the lockdown. "But following the nationwide lockdown to contain the spread of COVID-19, the business operations were severely disrupted across the country," it said in a statement.

Managing Director Madhusudan Gopalan said the company has been providing consumers with health and hygiene products which have become critical now more than ever.

"In the near-term, we will focus on scaling up our operations to maximise the availability of our products to meet consumer needs, while following health and safety guidelines by the government authorities," he said in a statement.

Gopalan said the company is also stepping up to be a force for good through its COVID-19 response and relief programme under which it will support government and relief orgsations through in-kind, product and critical supplies donations, and create awareness about preventive measures to combat the spread of COVID-19.

As a part of relief efforts, its leading feminine care brand Whisper is supporting the government and relief orgsations with more than 15 lakh stary pads for female healthcare workers, women in underprivileged containment areas and migrant communities.

Through its 'Touch of Care' programme, the company's healthcare brand Vicks is donating more than 33,000 protective hygiene and ration kits to the elderly people in need.

( With inputs from ANI )

Tags: Procter & Gamble Hygiene & Health CareMadhusudan gopalanFmcg
Open in App

Related Stories

BusinessITC Shares Fall as FMCG Stock Slips Below ₹300 After Stock Market Crash Today

BusinessITC Shares Fall as Middle East Tensions Rattle Markets; Stock Near 52-Week Low

BusinessITC Shares Fall Ahead of Dividend Payout Today : Eligible Shareholders To Receive ₹6.50 Per Share

BusinessITC Shares Fall After Recent Surge; Price Hikes in Focus as UBS Retains ‘Buy’ With Rs 395 Target

BusinessITC Shares Jump 2% Today as FMCG Stock Leads Market Recovery After Early Losses

Business Realted Stories

BusinessMSEs, women-led enterprises help GeM clock Rs. 18.4 lakh cr cumulative GMV in FY25-26

BusinessKalpakkam nuclear reactor reflects India’s engineering enterprise: PM Modi​

BusinessBCAS, RRU to establish India’s indigenous aviation security equipment testing centre

BusinessBangladesh faces LDC graduation setback amid economic instability

BusinessMinistry of Mines notifies new rules to boost exploration of critical minerals