P&G net profit rises 62% at Rs 147 crore in December quarter

FMCG major Procter and Gamble Hygiene and Health Care Ltd (P&G) on Saturday reported a 61.81% jump in the net profit to Rs 146.7 crore for the second quarter ended December 31.

The company, which follows July to June fiscal, had posted a net profit of Rs 90.66 crore in the same quarter last fiscal, it said in a BSE filing. Net sales during the quarter under review stood at Rs 713.23 crore, up 10.74% as against Rs 644.03 crore in the year-ago period, it added.

Overall expenses during the quarter stood at Rs 511.84 crore, down 3.81% compared with Rs 532.12 crore in the corresponding quarter last year.