P&G Home Products Sees Surging Profits, Highlights Fiscal Growth

Procter & Gamble Home Products Ltd reported a significant 36.8% increase in net profit to Rs 573.6 crore for FY24, with revenue rising by 4.8% to Rs 8,756.8 crore. The FMCG company saw its total income grow by 11.2%, and its profit before tax more than doubled to Rs 1,256.73 crore.

Procter & Gamble Home Products Ltd has posted an impressive 36.8% increase in net profit, reaching Rs 573.6 crore for the FY24 financial year. The company's revenue from operations saw a rise of 4.8%, totalling Rs 8,756.8 crore, according to financial filings.

The FMCG sector giant reported a total income boost of 11.2%, taking its figures to Rs 9,413.02 crore. Notably, net profit before taxation more than doubled to Rs 1,256.73 crore, indicating a strong fiscal performance.

Despite a slight reduction in advertising expenses, royalty costs increased by 4.91%, reflecting a strategic operational balance. Total expenses rose moderately by 3.05%, with a significant increase in tax expenses highlighting the firm's dynamic growth trajectory.

(With inputs from agencies.)