P&G Health Q2 results: PAT dips 6% to Rs 72 crore; Firm announces interim dividend of Rs 200 per share

Procter & Gamble Health Ltd on Tuesday said its profit after tax declined 6 per cent to Rs 72 crore for the second quarter ended December 2023. The company had reported a Profit After Tax (PAT) of Rs 77 crore in the October-December period of the last fiscal.

Total income for the period under review stood at Rs 315 crore as against Rs 314 crore in the year-ago period, Procter & Gamble Health said in a regulatory filing. The company follows a July-June financial year.

"This has been a challenging quarter for the company on account of an overall slowdown in the vitamins, minerals and supplements category coupled with a delayed seasonal onset," P&G Health India MD Milind Thatte said.

With improved productivity, efficiency and continued strategic investments, the company has been able to deliver a modest topline and bottom line, he added. The company said its board has declared an interim dividend of Rs 200 per share for the financial year 2023-24.

Shares of the company settled 3.7 per cent higher at Rs 5,328.50 apiece on the BSE.

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