Procter & Gamble Hygiene and Health Care today reported a 13 per cent decline in the net profit at ₹ 131 crore for the December quarter, on the back of increased investment in product innovation and advertising.
The net profit of the FMCG company was ₹150.62 crore in the corresponding quarter of the last fiscal.
Both the feminine care and healthcare businesses delivered strong growth behind brand fundamentals, strength of product portfolio and improved in-store execution, P&G said in a statement.
Total income of the company rose to ₹ 711 crore during the quarter ended December 2017, from ₹ 686 crore in the same quarter of the previous fiscal.