Shares of healthcare player Procter & Gamble Hygiene and Health Care Ltd shares sank nearly three percent in early trade on Wednesday, May 28, after the firm reported its earnings show for the January-March period of the financial year 2024-25.
P&G Hygiene and Health Care posted a net profit of Rs 156.1 crore for the quarter ended March 31, 2025, slightly higher from Rs 154.4 crore in the same period last year. Revenue from operations fell marginally to Rs 991.6 crore from Rs 1,002.2 crore a year ago.
Including other income of Rs 19.1 crore, total income stood at Rs 1,010.8 crore. Total expenses rose to Rs 798.1 crore from Rs 781.8 crore in the year-ago quarter.
The board has proposed a final dividend of Rs 65 per share, amounting to Rs 210.99 crore, pending shareholder approval at the 61st AGM. If cleared, the dividend will be paid between August 27 and September 23, 2025.
At 9.45 am, shares of the firm were quoting Rs 14,061, down 1.2 percent on the NSE compared to the previous session's closing price.
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"P&G Hygiene and Healthcare’s (PGHH) performance missed our estimates on all fronts. We have noted such performance volatility on a quarterly basis in the past," said Motilal Oswal.
The brokerage added that PGHH delivered a seven percent revenue CAGR during FY19-24, and it estimates a seven percent CAGR during FY24-27E. The company is less predictable on a quarterly basis, but its annual performance is still quite steady.
"With a portfolio of essentials and healthcare, PGHH remains focused on product innovation-led customer acquisition. Penetration play would continue but at a stable pace, despite the high scope of user additions."
The brokerage maintained its 'neutral' rating, with a target price of Rs 15,000 per share amid rich valuations, with no medium-term triggers.
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