Procter & Gamble (P&G) shares gained as much as 9.38 per cent in the early trade on Monday after the FMCG major reported 61.81 per cent rise in net profit figures to Rs 146.70 crore for the quarter ended December 2015. The company earned Rs 90.66 crore in the corresponding quarter a year ago ago.
At 10.13 am, shares of Procter & Gamble Hygiene & Health were trading 6.62 per cent up at Rs 5,848.45. The scrip opened at Rs 5,999.95 and had touched a high and low of Rs 6,000 and Rs 5,760, respectively, in trade so far. Sensex was down 4.93 points, or 0.02 per cent, at 24,612.04.
Net sales during the quarter under review stood at Rs 713.23 crore, up 10.74 per cent as against Rs 644.03 crore in the year-ago period. Total expenditure during the quarter stood at Rs 497.65 crore, down 3.60 per cent compared with Rs 516.25 crore in the corresponding quarter last year.
In the past one year, shares of P&G declined 12.51 per cent to Rs 5,485.25 till February 5. On the other hand, BSE Sensex slid 14.68 per cent during the period.