New Delhi, Nov 2 (PTI) FMCG major Procter & Gamble (P&G) Friday reported a 24.70 per cent increase in net profit at Rs 144.11 crore for the first quarter ended September 2018, led by volume growth.Also Read - Netaji's Statue Will Inspire Democratic Values, Future Generations, Says PM Modi After Unveiling His Hologram
The company, which follows the July-June financial year, had posted a net profit of Rs 115.56 crore during the corresponding quarter of the previous fiscal, P&G said in a BSE filing. Also Read - 5 Indian States With Highest COVID Spike You MUST Avoid Travelling For Next Few Months
Total income during the quarter under review stood at Rs 815.36 crore, up 23.32 per cent, as against Rs 661.13 crore in the July-September period of the last fiscal. Also Read - Rashtrapati Bhavan Tour For Common Public Suspended Until Further Notice
P&G Hygiene and Health Care Managing Director Madhusudan Gopalan said, “We generated strong top and bottom line results this quarter driven by robust volume growth, category development and execution excellence.” P&G’s total expenses stood at Rs 594.73 crore as compared to Rs 483.39 crore earlier, up 23.03 per cent.
Over the outlook, he said: “We will continue to focus on raising the bar on superiority of our products, packaging, go-to-market and communication, improving productivity and strengthening our organization and culture.”
This is published unedited from the PTI feed.