Procter & Gamble Q1 net up 12% at Rs 61.5 crore

Company's net sales in the quarter under review stood at Rs 576.31 crore

FMCG firm Procter & Gamble Hygiene and Health Care Ltd (P&G) today reported 12.24% 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 BSE filing.

P&G's net sales in the quarter under review stood at Rs 576.31 crore, an increase of 16.95% 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% 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% up at Rs 5,405 per scrip during afternoon session on the BSE.