Procter & Gamble reported especially strong sales in its premium beauty business - results that align with the company s superiority strategy (Getty Images) Personal care giant Procter & Gamble (P&G) has reported a net sales rise for its third quarter (Q3) of fiscal 2021, with beauty leading the charge in growth terms.
P&G tallied up net sales of €15bn ($18.1bn) for Q3 of fiscal 2021, up 5% on the previous year. Total net earnings were up 12% for the quarter at €2.7bn ($3.2bn).
Sales growth was led by a 9% net sales surge in beauty; 8% in fabric and home care; and 4% in both grooming and health care. Baby, feminine and family care remained flat for the quarter. Globally, European focused markets were down.
Procter & Gamble beats sales estimates as COVID-19 continues to drive demand for cleaning products Reuters Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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MIKE BLAKE/Reuters
Procter & Gamble Co beat quarterly sales and profit estimates on Tuesday, as pandemic-weary people kept up their stocks of soaps, detergents and other cleaning products, even as COVID-19 vaccines began to roll out.
For over a year, the global health crisis has caused sales of P&G’s hygiene and washing products such as Charmin toilet paper and Tide laundry detergents to swell, as consumers stockpiled on essentials and cleaning supplies to stay prepared for more lockdowns.
Procter & Gamble commissions its first in-house solar plant in India at its Hyderabad site
April 19, 2021
Spread over 16,000 sq. mt, it has a capacity of 1MW
Procter & Gamble(P&G) has commissioned its first in-house solar plant at the company’s Hyderabad manufacturing site. This is P&G’s first site in India to house a solar plant and only the fifth manufacturing site globally.
Spread over 16,000 sq. mt. and comprising nearly 3000 panels, the in-house solar plant has a capacity of 1MW and will reduce P&G’s carbon footprint by an estimated 1030 metric tonnes annually.
Sachin Sharma, Plant Head of the Hyderabad manufacturing site, P&G India, said, “At P&G, environmental sustainability is core to our company operations. Increasing our use of renewable electricity and improving energy efficiencies is a critical part of our sustainability journey.”
Why you should accumulate the stock of Galaxy Surfactants
Maulik Madhu
BL Research Bureau |
Updated on
April 17, 2021
Maulik Madhu
Galaxy Surfactants is a leading manufacturer of surfactants and specialty chemicals for use in the home care and personal care segment.
While Galaxy Surfactants’ revenue from specialty care products took a sharp hit in the June 2020 quarter, the business from performance surfactants remained robust all through FY21. The latter serve as inputs into consumer staples, the demand for which is relatively inelastic, ensuring a steady demand for the company’s products. Galaxy Surfactants serves as a global supplier to multi-national, regional and local FMCG companies.