FMCG company Procter & Gamble Hygiene and Health Care Ltd has reported a marginal growth of 2.8 per cent in its sandalone net profit after taxes (PAT) at Rs 150.62 crore for the October-December quarter of FY17.
“The standalone net profit of the company stood at Rs 146.51 crore during the same period a year ago,” Procter & Gamble Hygiene and Health Care Ltd said in a filing to the Bombay Stock Exchange.
Due to liquidity crunch in the market, the standalone total income of the company, however, witnessed a marginal drop of 1.1 per cent at Rs 686.4 crore during Q2 FY17, as compared to Rs 694.25 crore during the same quarter last fiscal.
Total expenses of the company during the October-December quarter of FY17 was Rs 450.17 crore, as compared to Rs 471.61 crore in Q2 FY16.
Procter & Gamble said in a statement that, during the quarter, there was an unforeseen liquidity crunch in the market that impacted trade inventories and consumer offtake. The company delivered sales of Rs 666 crore, down 1 per cent versus last year.
Meanwhile, shares of the company were trading at Rs 6,995.05 apiece, up 0.47 per cent, from previous close on BSE at 12:33 hours.