P&G Health declines 6% on profit booking post June quarter results

Lavern Vogel

Shares of Procter & Gamble (P&G) Wellness slipped six for each cent to Rs 5,330 on the BSE in the intra-day trade on Wednesday on gain booking. The business claimed ten.8 for each cent yr on yr (YoY) growth in web gain at Rs forty eight.90 crore for June quarter. […]

Shares of Procter & Gamble (P&G) Wellness slipped six for each cent to Rs 5,330 on the BSE in the intra-day trade on Wednesday on gain booking. The business claimed ten.8 for each cent yr on yr (YoY) growth in web gain at Rs forty eight.90 crore for June quarter.

The pharmaceutical business claimed 11 for each cent YoY drop in gross sales at Rs two hundred crore, as the organization operations acquired impacted across the nation next the nationwide lockdown imposed to contain the distribute of Covid-19.

The firm’s EBITDA (earnings just before fascination, taxes, depreciation, and amortization) margin improved to 31.7 for each cent from 30.82 for each cent. The performance was pushed by gross sales growth coupled with strategic options in taking care of opex for the duration of the last two quarters impacted by Covid, the management explained.

The board of administrators of the business recommended a remaining dividend of Rs 230 for each fairness share (such as a one particular-time particular dividend of Rs 188 for each fairness share) for the fiscal yr finished June 30, 2020. The dividend shall be paid among November 30, 2020 and December 18, 2020.

The stock strike a record high of Rs 5,683 on Tuesday, September fifteen, 2020. In the earlier 3 months, it has rallied forty three for each cent as in comparison to 16 for each cent increase in the S&P BSE Sensex.

At 01:forty six pm, P&G Wellness was buying and selling 4.4 for each cent reduced at Rs 5,408, as towards .forty nine for each cent increase in the benchmark index. A mixed 62,000 fairness shares experienced transformed hands on the counter on the NSE and BSE till the time of creating of this report.

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