Procter & Gamble net profit rises nearly 62% in December quarter

Procter and Gamble Hygiene and Health Care (P&G), a leading FMCG player, on Saturday, reported a 61.81% rise in the net profit to Rs 146.7 crore for the second quarter (Q2) ended December 31, 2015. 

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 were up 10.74% to Rs 713.23 crore as against Rs 644.03 crore in the year-ago period, it added.

The company's overall expenses during the quarter were down 3.81% to Rs 511.84 crore as compared to Rs 532.12 crore in the corresponding quarter of previous fiscal. 

On Friday, the stock of Procter and Gamble Hygiene and Health Care closed up 1.75% or Rs 94.55 at Rs 5,485.25 on the BSE.