Cost-cutting pays for P&G India; sales and margins up

Cost-cutting pays for P&G India; sales and margins up

Procter & Gamble’s Indian subsidiaries have reported a significant increase in margins and a solid uplift in revenue, according to a report published by Bloomberg Quint.

P&G Hygiene and Healthcare’s revenue was up 7 percent to Rs624 crore in the three months ended 31st March, while margins reached 28.1 percent, up 140 basis points. Gillette India, meanwhile, saw income rise 16 percent to Rs543 crore and margins reach 30.6 percent, up a whopping 640 basis points. Its net profit was no less impressive, rising 54 percent to Rs106 crore.

The company attributed its success to curtailed costs, from raw materials to advertising spend. Shares in both subsidiaries rose on the back of the results, with Gillette India up 9 percent and P&G Hygiene & Healthcare rising a steady 5.6 percent.

 

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