P&G Health PAT Plunges 21% to Rs 46 Crore in March Quarter

P&G Health's profit after tax dropped 21% to Rs 46 crore for the third quarter ending March 2024 due to operational revenue decline. The company aims to recoup losses and strengthen its distribution model.

Procter & Gamble Health on Thursday said its profit after tax declined 21 per cent year-on-year to Rs 46 crore for the third quarter ended March 2024.

The company, which follows the July-June financial year, reported a profit after tax (PAT) of Rs 59 core a year ago.

Its revenue from operations declined to Rs 252 crore for the period under review compared to Rs 321 crore in the year-ago period, Procter & Gamble (P&G) Health said in a regulatory filing.

''The company's continued efforts to strengthen our reach and distribution with a transformed go-to-market model reflected in a one-time impact on the quarter's sales owing to the transition and optimisation of trade management and inventory,'' P&G Health India Managing Director Milind Thatte said.

''However, we have seen sales recover in the months of March and April,'' he added.