PGHHCL sales down 1 per cent; PAT up 3 percent for quarter ended December 31, 2016
Procter and Gamble Hygiene and Health Care Ltd (PGHHCL) has announced its financial results for the quarter ended December 31, 2016. During the quarter there was unforeseen liquidity crunch in the market that impacted trade inventories and customer offtake. The company delivered sales of Rs 666 crore, down 1 per cent last year. PGHHCL responded with agility by strengthening fundamentals to mitigate risk. Profit After Tax (PAT) was at Rs 151 crore, up 3 per cent versus a year ago behind focus on productivity and cost efficiency.
Since the market has started showing early signs of recovery, PGHHCL will continue to focus on balanced growth behind brand fundamentals, strength of product portfolio, and improved in-store execution.
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