CALCULATE YOUR SIP RETURNS

P&G Health India Reports Q4 and FY24 Results, Proposes ₹260 Total Dividend

22 August 20243 mins read by Angel One
P&G Health India's Q4 FY24 sales down 5% to ₹277 crores. Annual sales hit ₹1129 crores. Proposed final dividend of ₹60 per share, totaling ₹260 for FY24.
P&G Health India Reports Q4 and FY24 Results, Proposes ₹260 Total Dividend
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On August 21, 2024, Procter & Gamble Health Limited shared its financial results for the quarter and fiscal year ending June 30, 2024.

In the fourth quarter, Procter & Gamble Health Limited reported sales of ₹277 crores, a 5% decline compared to the last year, primarily due to changes in their market approach. The profit before exceptional items and tax stood at ₹43 crores for the quarter, which is 3% lower than last year. Exceptional items included a ₹20 crore impairment charge.

For the entire FY ending June 30, 2024, the company’s sales reached ₹1,129 crores, reflecting a 6% decrease from the previous year. The annual profit before exceptional items and tax was ₹294 crores, down 7% from the prior year.

Mr Milind Thatte, Managing Director, P&G Health India, commented on the performance, stating, “Our results this quarter reflect the typical seasonality of shipments during this period. In addition, we’ve made choices to strengthen the execution of our integrated strategy by deploying a transformed go-to-market model. We’re confident these changes will deliver superior reach, distribution, and retail execution and improve our long-term competitiveness.”

He further added, “Our strategy remains anchored on a focused product portfolio where performance is a key driver of brand preference, superiority (across product performance, packaging, brand communication, retail execution and value), constructive disruption, and an agile, accountable organisation. This integrated strategy continues to guide our efforts to generate sustainable, balanced top-and-bottom-line growth and value creation.”

“We continue to navigate the evolving market dynamics with resilience and explore innovative solutions to ensure our trusted, quality brands remain the preferred choice for healthcare professionals and consumers alike”, he added.

The Board of Directors has recommended a final dividend of ₹60 per equity share for the financial year ending June 30, 2024. Including the interim dividend of ₹200 per share, which featured a one-time special dividend of ₹150, the total dividend for the year will be ₹260 per share. This final dividend will be confirmed pending approval by shareholders at the 57th Annual General Meeting.

About Procter & Gamble (P&G)

P&G is a global company that serves consumers with a strong portfolio of trusted, high-quality brands, including Ambi Pur®, Ariel®, Gillette®, Head & Shoulders®, Olay®, Oral-B®, Pampers®, Pantene®, Tide®, Vicks®, and Whisper®. The company operates in around 70 countries worldwide.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2 Cr+ happy customers