P&G Health soars 15% after PAT jumps 71% YoY in December quarter results

The management said that the higher PAT growth was supported by improved margin through portfolio premiumisation, healthy mix and optimization of expenses,

Shares of Procter & Gamble (P&G) Health rallied 15 per cent to Rs 4,721.2 per share in Monday’s intra-day trade, after the company reported 71 per cent year-on-year (YoY) jump in profit after tax (PAT) to Rs 76.80 crore in the December quarter (Q2FY23). Higher PAT growth was supported by improved margin through portfolio premiumisation, healthy mix and optimization of expenses.

Meanwhile, the company saw sales climb 11 per cent YoY to Rs 304.70 crore in Q2FY23. The earnings before interest, depreciation, tax and amortization (ebitda), on the other hand, grew 76 per cent YoY to Rs 109 crore.

EBITDA margins, too,