Sales, margin outlook remain strong for P&G Hygiene and Healthcare

The company reported double-digit sales growth, and margin expansion in the June quarter

P&G Hygiene and Healthcare’s June quarter numbers were better than Street estimates, led by strong sales and robust margins.

The company, which owns leading consumer brands like Whisper, Vicks and Old Spice, posted a 12.6 per cent year-on-year (Y-o-Y) growth in sales at Rs 852.5 crore during the quarter.

The double digit sales growth, led by expansion of its distribution reach, reverses a sluggish sales graph with three of the last four quarters reporting a fall in sales.

For the full year (company’s financial year ends in June), it posted a sales growth of 3.1 per cent at Rs 3,917