Thursday, November 7, 2024

Procter & Gamble declares interim dividend of Rs 160 a share, Q2 internet revenue up 10% (Lead)

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NEW DELHI: FMCG main Procter & Gamble on Wednesday reported a ten per cent enhance in internet revenue at Rs 229 crore for the October-December quarter in comparison with the identical quarter of the earlier 12 months.

The corporate, which follows the July-June monetary 12 months, declared an interim dividend of Rs 160 per fairness share for the monetary 12 months 2023-24. This features a one-time particular dividend of Rs 60 per fairness share to commemorate its sixtieth 12 months since graduation of operations.

The corporate reported flat gross sales for the third quarter at Rs 1, 131 crore. It additionally stated that excluding impression of one-time objects, its internet revenue PAT was up 15 per cent from a 12 months in the past.

The P&G board permitted the appointment of Dr. Ashima Goyal, a former member of the RBI’s financial coverage committee, as non-Government Impartial Director of the corporate for a time period of 5 years with impact from March 19, 2024, topic to the approval of the shareholders of the Firm.

Procter & Gamble Hygiene and Well being Care Ltd Managing Director L.V. Vaidyanathan stated: “The quarter has remained difficult amidst a tough working setting. We stay dedicated to our built-in development technique of a targeted product portfolio of each day use classes the place efficiency drives model alternative. We’re assured that this technique will assist us navigate the mid-term and ship balanced development and worth creation.”

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