Procter & Gamble Hygiene and Health Care Share Price Live

History of the Company

The company was incorporated on July 20, 1964, in Mumbai. The company began as Richardson Hindustan Limited (RHL), which obtained an Industrial license to manufacture Menthol, de-mentholised peppermint oil and VICKS range of products. The premier product of the company, Vicks Action 500 was launched in the year 1979. In 1984, the company launched an ayurvedic research laboratory. 

In October 1985, RHL became an affiliate of The Procter & Gamble Company, USA and its name was later changed to Procter and Gamble India. In 1989, P&G India launched Whisper, a breakthrough sanitary napkin. In 1991, the company had launched Ariel detergent, though the detergents business was later divested to P&G Home Products. 

In 1999, the company once again changed its name, this time from Procter and Gamble India Limited to Procter and Gamble Hygiene and Health Care Limited. In 2000, the company introduced Whisper Ultra, Vicks Plus Medicated Lozenges and also re-launched Vicks Action 500+. Vicks Formula 44 Cough Syrup was introduced in 2003 to provide lasting relief from tough persistent coughs.  In FY 2018, the company launched Vicks BabyRub, specially developed for baby skin.

Business Segments

The company is primarily engaged in the business of manufacturing healthcare and hygiene products. Its subcategories include:

1. Health care products – This category includes ointment and creams, cough drops and tablets.
2. Hygiene products – This category consists of feminine hygiene products and other skin care hygiene products.

In terms of brands, the company has the following categories:

1. Baby Care – Pampers
2. Fabric Care – Ariel, Tide
3. Feminine Care – Whisper
4. Grooming – Gillette
5. Hair Care – Head and Shoulders, Pantene, Herbal Essences
6. Home Care – Ambi Pur
7. Oral Care – Oral B
8. Personal Healthcare – Vicks
9. Skin and Personal Care – Olay, Old Spice

The company has a good market presence through its toothbrush brand Oral B, Vicks, Olay, and Old Spice. The Vicks brand itself includes multiple products like Vicks vaporab, Vicks Action 500 Advanced, Vicks Throat Drops, Vicks Babyrub and Vicks inhaler, among others.

Product-wise, the company’s revenue, as of FY 2022, is divided into Ointments and creams (21.2% of revenue), Cough drops (10.5%), Tablets (2.5%) and other hygiene products (65.9%).

Subsidiaries

The company does not have any subsidiaries.

Key Personnel

Jon R. Moeller, Chairman of the Board, President and CEO

Mr. Moeller has been a member of the P&G leadership for over two decades. Before becoming CEO, Jon was P&G’s Chief Operating Officer. Before that, he was P&G’s Chief Financial Officer for more than 12 years. Before that, he had served at various capacities at P&G and in various locations.

Mr. L. V. Vaidyanathan, Managing Director

Mr. Vaidyanathan began his career with P&G in India in 1996 and worked in various roles. He has experience of more than 26 years, across diverse geographies like India, Singapore, Philippines, Thailand and Vietnam. Before this, he was leading P&G’s business in Indonesia as the CEO.

Corporate Actions

The company has not performed any buyback of shares, bonus issues, rights issues or stock splits in India in recent times.

Mergers and Acquisitions

• The Procter & Gamble Company (P&G), acquired a nearly 52% stake in drug firm Merck India in 2018 and then renamed the latter as P&G Health Ltd.
• In 2005, the company acquired Gillette globally.