Procter & Gamble Hygiene and Healthcare Ltd (PGHHCL), has announced its annual financial results for the financial year ending June 2011, which showed that the company sustained its strong growth momentum by delivering total net sales of Rs 1,002 crore, as against last year’s ` Rs 904 crore, a growth of 11 per cent. The Feminine Hygiene and Health Care business delivered robust sales growth. Q4 also registered strong results, with net sales growth of 21 per cent.
However, profit after tax for the fiscal year was down 16 per cent at Rs 151 crore, as against last year’s Rs 180 crore, behind higher commodity costs and product mix partly offset by tax pick up in the last quarter. AT margin stands at 15 per cent (versus 20 per cent year).
Sharing perspective on the results for the financial year ended June 30, 2011, Shantanu Khosla, Managing Director, Procter & Gamble Hygiene and Health Care Ltd, said, “Our robust growth for the year ended June 2011 is testimony to our commitment to touch and improve the lives of more consumers, more completely and in more parts of India. This growth is attributed to sustained efforts to serve the consumer via programmes such as the Whisper School Program, which reached 2.5 million girls with timely menstrual education this year, as well high-quality brands such as Vicks, the most trusted cough and cold brand in India. We will continue to focus on leveraging innovation and delivering superior product propositions that delight our consumer now, and for generations to come.”