Procter & Gamble Q1 net profit rises 12.24 per cent at Rs 61.5 crore

FMCG firm Procter & Gamble Hygiene and Health Care (P&G) on Friday reported 12.24 per cent increase in net profit at Rs 61.5 crore for the first quarter ended September 30.

The company, which follows July-June financial year, had reported a net profit of Rs 54.79 crore in the corresponding period a year ago, P&G said in a Bombay Stock Exchange (BSE) filing.

P&G's net sales in the quarter under review stood at Rs 576.31 crore, an increase of 16.95 per cent as against Rs 492.75 crore in the year-ago period, the company said in a BSE filing.

"Both the feminine care and health care business continued to deliver double-digit growth in a competitive market environment behind superior products, strong innovation and product portfolio strength," it said.

Overall expenses during the quarter were 18.94 per cent up at Rs 508.65 crore as compared to Rs 427.65 crore in the corresponding period last year.

Procter & Gamble shares were trading 1.11 per cent up at Rs 5,405 per scrip during afternoon session on the BSE.