Procter & Gamble Health rose 0.48% to Rs 7,360.35 after the company reported a 77.6% jump in net profit to Rs 67.88 crore on 1.5% rise in net sales to Rs 240.22 crore in Q2 December 2020 over Q2 December 2019.The FMCG company said its profitability was primarily driven by lower travel and selling expenses due to Covid-19 pandemic.
Profit before tax jumped 70.1% to Rs 86.43 crore in Q2 December 2020 over Q2 December 2019. Current tax expense spiked 37% to Rs 19.03 crore in Q2 December 2020 over Q2 December 2019.
Commenting on company s Q3 performance, Milind Thatte, MD of Procter & Gamble Health said, The company continues to deliver consistent sales growth driven by a sustained demand for our quality and affordable vitamins, minerals, supplements and medicinal products. With the country gradually opening up and the markets showing a steady recovery in the health category, we will continue our focus on ensuring uninterrupted supplies while doubling down our efforts to increase reac
Beauty majors and animal advocacy groups have welcomed the move made by France to enable its brands and manufacturers to qualify for China animal testing exemptions when exporting and suggest other countries should follow suit (Getty Images) The move by France to provide a government platform enabling beauty manufacturers to qualify for exemptions when exporting general-use cosmetics to China should carve out a path for other countries to follow, says a Procter & Gamble executive.
New measures announced in January and due to take effect from May 1, 2021, meant exemptions would be granted for manufacturers that provided a Good Manufacturing Practices (GMP) certificate issued by a government regulatory department, not a third-party institution or association, alongside compliant product safety assessment documentation. Up until now, China had required animal testing for all imported cosmetics on arrival, excluding those sold via cross border e-commerce cha
Personal care giant Procter & Gamble (P&G) has shed light on how it is striving to bridge the divide between offline and online retail to help smooth the consumers’ shopping journey.
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