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P&G's Q2FY24 Financial Performance Review

Oct 30, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of Procter & Gamble (P&G) for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
P&G reported a total income of ₹1,154.12 crores for Q2FY24, which marks a robust increase of 9.75% sequentially. On a quarter-on-quarter basis, the company experienced a substantial surge of 33.79% from Q1FY24.

EXPENSES: 
Expenses for P&G in Q2FY24 amounted to ₹869.65 crores, representing a significant increase of 32.56% compared to the preceding quarter. On a year-on-year basis, expenses increased by 2.82%. 

NET PROFIT: 
The net profit for P&G in Q2FY24 was ₹73.78 crores, signifying a solid increase of 33.32% compared to Q1FY24. Year-on-year, the company demonstrated impressive growth in net profit, with a substantial increase of 43.57%. This highlights the effectiveness of P&G's strategies and its ability to convert revenue into profit.
 

MARGINS: 
P&G's margin for Q2FY24 was 6.39%, showing a slight decrease of -0.02% compared to the preceding quarter. Year-on-year, the margin improved by 1.51%. The margin, although slightly reduced from the previous quarter, remains healthy and indicates effective cost management.

In conclusion, P&G's financial performance in Q2FY24 demonstrates substantial year-on-year and quarter-on-quarter growth. The company's ability to increase total income and net profit while maintaining a healthy margin is a testament to its effective business strategies and market adaptability.

Stay tuned for more updates on P&G's financial performance in the future.