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Procter & Gamble Hygiene and Health Care Ltd (PGHH) on Tuesday said that the operating environment remains volatile as it anticipates some near-term challenges to persist amidst evolving global trade policies and commodity prices. The company said it is closely monitoring the West Asia crisis and has seen softening demand trends due to rise in inflationary pressures. The FMCG major added that its doubling down on targeted investments, consumer-centric innovations as well as productivity as part of its integrated growth strategy to navigate the volatile conditions.
In FY26, PGHH reported flat sales growth year-on-year at about ₹4,290 crore while net profit grew 19 per cent to ₹857 crore. The company’s portfolio includes Whisper, Vicks and Old Spice with the balance portfolio housed under other entities.
Speaking on an analyst call on Tuesday, V Kumar, Managing Director, Procter & Gamble Hygiene and Health Care, said: “We know that the results have been mixed. This year, however, was marked by targeted investments, with continued focus on consumer centric-innovation and strengthening our go-to-market capabilities. We are confident that these steps will inflect sustained, balanced growth and position us for long-term competitiveness.”
He added that the operating environment remains dynamic, driven by factors including inflationary pressures, shifting retail landscape and media fragmentation, “Inflation across food, energy, healthcare and many other areas of spending has taken a toll on the consumer. Indian consumers have always been called price-conscious, but the reality is that they are value conscious. Therefore, ‘affordability’ in our context remains an evolving concept,” Kumar noted.
The company delivered ₹86 crore of savings in FY26 through targeted productivity and savings programmes by driving efficiency across the value chain.
PGHH said it is monitoring the West Asia crisis as well as the evolving global trade policies and commodity prices which will impact inflation and cost of goods produced. Srividya Srinivasan, Incoming Chief Financial Officer, PGHH said that the company anticipates some challenges to continue in the near term while it maintains a positive outlook on India’s medium term growth prospects. Talking about FMCG industry demand trends, Srinivasan said, “While rural consumption continues to be higher than the urban consumption, we are seeing a softening trend driven by uptick in the inflation rates.....Yes, cost and availability are both very volatile currently. Despite these significant disruptions, we have not gone out of stock or made compromises on product performance. We know that the volatility is likely to remain, but we are working to mitigate the risks.”
“At the same time, we will continue to activate our savings programs. Priority is also to secure supplies and ensure continuous supply of our products to the consumer,” she added. The company also said that a delayed monsoon could have an impact on growth rates.
Published on June 16, 2026
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