Saturday, August 21, 2010

Procter & Gamble Hygiene and Health Care Limited = RESULTS = QUARTER & YEAR ENDING JUNE 2010 = Q4 DECLINES IN SALES & PROFITS


Procter & Gamble Hygiene and Health Care Limited
NSE Symbol PGHH
Q1 FY2011 RESULTS
PROCTER & GAMBLE  has declared its June 2010 quarter ending and Year ending results (stand alone) which are analyzed below :
Net Sales for Y/E June 2010 is Rs.902.87 Cr and for June Q/e is Rs.197.85 Cr. The June Qtr sales are  less by 3.5% when compared to previous qtr (0310 ending) – but more by 9.2% compared to corresponding qtr ( Jun 09ending)- and it is also proportionately less by 12.3% compared to whole year sales.
Profit from Operations is Rs.204.99 for the year and Rs.9.67 Cr for the Qtr – The quarterly OPT is less by 75.4% compared to previous qtr  - lass by 84.2% compared to corresponding Qtr – and proportionately less by 81.1% from Total year OPT.
This is mainly due to increase in depreciation by 124.7%, cost of purchase of traded goods by 72.9% and increase in other expenditure by 25.9% - all of which resulted in total expenditure increasing by 13.5% compared to reduction in sales by 3.5%. Anew excise duty levy on sanitary napkins and high marketing costs is also said to have dragged down the quarterly net profit. PGHH, which sells Whisper sanitary napkins and Vicks cough drops, said the introduction of the excise duty in Budget 2010-11 and promotional costs for new launches had led to a 53% increase in expenses during the quarter.

Net Profit  is Rs.179.76 Cr for the year and Rs.10.10 Cr for the quarter. The Qtrly NPT is less by 76.9% from previous Qtr – less by 78.9% from corresponding Qtr and less proportionately by 77.5% from the total year NPT. The net profit for the year (Rs.79.76 cr) is slightly higher than the Rs.178.85 crore it made in the year-ago period. Sales went up 17% compared to last year (to Rs.902.87 cr).
Basic EPS for the year is Rs.55.38 and the EPS for the Qtr is Rs.3.11 – compared to Rs.13.5 in Q3, Rs.23 in Q2 and Rs.15.86 in Q1. The company has recommended a dividend of Rs.22.50 per equity share for the year ended June 30, 2010.
Considering the steep decline in the last quarter performance, we need to watch the performance in the next quarter.
RESULTS IN NUMBERS :

JUL09-JUN10NC
Dif%1
Dif%2
Dif%3
Net Sales
90287
19785
-3.5
9.2
-12.3
Other Optg Income
159
38
0
2.7
-4.4
SIT&WIP
47
292
-1427.3
-61.1
2385.1
Raw Materials
23827
3760
-19.4
-14.5
-36.9
Traded goods
4085
1814
72.9
7787
77.6
Employees Cost
4346
645
-55.9
227.4
-40.6
Depreciation
2503
1000
124.7
146.3
59.8
Other Expenditure
35139
11345
25.9
81
29.1
Total Expenditure
69947
18856
13.5
56.5
7.8
Profit.Operations
20499
967
-75.4
-84.2
-81.1
Other Income
2865
109
-93.6
-82.4
-84.8
P B I & EI
23364
1076
-80.8
-84
-81.6
Interest
2
-

P A I B B EI
23362
1076
-80.8
-84
-81.6
P B T
23362
1076
-80.8
-84
-81.6
Tax Expense
5386
66
-94.7
-96.6
-95.1
Net Profit after tax
17976
1010
-76.9
-78.9
-77.5
Net Profit
17976
1010
-76.9
-78.9
-77.5
Dividend (%)
225
225

0
Face Value (in Rs.)
10
10
0
0
Paid-up Equity
3246
3246
0
0
Reserves
50218
-

Basic EPS.Rs
55.38
3.11
-77
-77.5
Public holding%
29.36
29.36
0
-6.1



ANNOUNCEMENTS
TO THE EXCHANGE

19-08-2010        Procter & Gamble Hygiene And Health Care Limited has informed the Exchange regarding a press release dated August 18, 2010, titled "Procter & Gamble Hygiene and Health Care Ltd; Sales up 17%, Maintains PAT". 
19-08-2010        Procter & Gamble Hygiene And Health Care Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 18, 2010 has recommended a dividend of Rs.22.50 per equity share for the year ended June 30, 2010.   -
19-08-2010        Procter & Gamble Hygiene and Health Care Limited has informed the Exchange regarding the standalone Results for the year ended on 30-JUN-2010 as follows: Net Sales of Rs. 90287 lacs for year ending on 30-JUN-2010 against Rs. 77281 lacs for the year ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 17976 lacs for the year ending on 30-JUN-2010 against Rs. 17885 lacs for the year ending on 30-JUN-2009.     
19-08-2010        Procter & Gamble Hygiene and Health Care Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 19785 lacs for quarter ending on 30-JUN-2010 against Rs. 18110 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 1010 lacs for the quarter ending on 30-JUN-2010 against Rs. 4777 lacs for the quarter ending on 30-JUN-2009.
24-04-2010        Procter & Gamble Hygiene And Health Care Limited has informed the Exchange regarding a press release dated April 23, 2010, titled "PGHH Quarter-3 Sales up 15%; PBT up 23%; PAT 26%".
24-04-2010        Procter & Gamble Hygiene and Health Care Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 20497 lacs for quarter ending on 31-MAR-2010 against Rs. 17778 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 4366 lacs for the quarter ending on 31-MAR-2010 against Rs. 3483 lacs for the quarter ending on 31-MAR-2009.
NOTE :As always, readers are invited to give their suggestions, comments  and corrections, if any, which will be gratefully accepted.

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