Big Dividend Payout: Rs.110 Per Share Declared As Net Profit Jumps 18%,Do You Own It?

Procter & Gamble Health and Hygiene,the manufacturer of popular personal care brands like Olay, Head & Shoulders, Pantene, and has released its financial results for the December 2024 quarter of the 2024-2025 fiscal year. Additionally, the company has announced plans to reward its shareholders for the current financial year.

P&G Health and Hygiene Dividend Details

Along with its Q3 financial results, P&G Health and Hygiene has declared an interim dividend for its shareholders. In a regulatory filing, the company stated:

"The Board of Directors, at its meeting held today, has declared an Interim Dividend for the Financial Year 2024-25 of Rs.110 per Equity Share (Face Value of Rs.10 each). The dividend shall be paid on or before March 7, 2025."

As per an earlier notification dated January 31, 2025, the record date for determining shareholder eligibility for the interim dividend is set for February 20, 2025.

P&G Health and Hygiene Financial Performance

Procter & Gamble Hygiene and Health Care Ltd. reported a solid financial performance for the quarter ended December 31, 2024, with a net profit of ₹364 crore, marking an 18% year-on-year (YoY) increase compared to ₹308.5 crore in the same quarter last year.

The company's revenue from operations grew 10.3% YoY to ₹1,247.6 crore, up from ₹1,131 crore in the corresponding period of the previous fiscal. Despite strong topline growth, EBITDA declined 39% YoY to ₹371 crore, down from ₹607.7 crore last year, leading to a drop in EBITDA margin from 53.7% to 29.7%.

Kumar Venkatasubramanian, Managing Director of Procter & Gamble Hygiene and Health Care Ltd., emphasized the company's robust double-digit growth in both revenue and profit this quarter. He attributed this success to a strategic focus on consumer satisfaction, a streamlined product portfolio in essential daily-use categories, and consistent execution of their integrated growth strategy. He highlighted key factors driving growth, including product superiority, innovative packaging, effective brand communication, strong retail execution, and enhanced customer value. Additionally, the company's commitment to productivity, strategic innovation, and an agile organizational approach has played a crucial role in sustaining momentum. He reiterated that these efforts are laying a strong foundation for long-term growth and value creation.

P&G Shares Today

Shares of Procter & Gamble Health and Hygiene (PGHH) slipped 1.30% on Wednesday, closing at Rs.13,751, down from the previous close of Rs.13,933. Despite the company's strong Q3 financial performance, the stock saw a 1.31% intraday decline.

PGHH shares opened on a strong note at Rs.14,099 and touched an intraday high of Rs.14,184.85, before retreating. Over the past five trading sessions, the stock has fallen 5.36%, while in the last six months, it has declined 19.57%.