India's P&G Hygiene and Health profit drops as costs bite
PG•P&G Hygiene and Health Care's quarterly profit fell 7% to 1.96 billion rupees, while revenue slipped marginally to 11.45 billion rupees. The company cited higher raw material and energy costs.
1. Profit declines
Procter & Gamble Hygiene and Health Care reported second-quarter profit of 1.96 billion rupees, down from 2.1 billion rupees a year earlier. Revenue from operations slipped marginally to 11.45 billion rupees.
2. Costs weigh on results
The company said higher raw material and energy costs weighed on profit. Managing Director Kumar Venkatasubramanian said the macro-economic landscape remained challenging.
