Procter & Gamble Q3 net dips 13% to Rs 1.31 bn on increased investment

Procter & Gamble Hygiene and Health Care on Saturday reported a 13 per cent decline in the net profit at Rs 1.31 billion for the December quarter, on the back of increased investment in product innovation and advertising. The net profit of the FMCG company was Rs 1.5 billion in the corresponding quarter of the last fiscal. Both the feminine care and health care businesses delivered strong growth behind brand fundamentals.