X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
P&G: Divestment benefits - Views on News from Equitymaster
StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

P&G: Divestment benefits
Aug 30, 2006

Procter and Gamble Health and Hygiene (PGHH) announced its full year results (June-ending company) on Monday. The companyís topline declined by 17% YoY due to divestment of its detergent manufacturing facility to the parentís unlisted subsidiary, Procter and Gamble Home Products (PGHP) in 1QFY06. Thus, detergents (45% of 4QFY05 revenues) no longer appear in the listed entityís books. The bottomline grew by 12% YoY for FY06 due to an expansion in margins. The company has declared a dividend of Rs 25 per equity share for the year ended June 30, 2006 (dividend yield of 2.9%).

m) 4QFY05 4QFY06 Change FY05 FY06 Change
Net Sales 1,717 1,129 -34.2% 6,849 5,667 -17.3%
Expenditure 1,462 875 -40.2% 5,515 4,370 -20.8%
Operating Profit (EBDITA) 255 254 -0.2% 1,334 1,298 -2.7%
Operating Profit margin (%) 14.8% 22.5% 19.5% 22.9%
Other Income 339 430 26.9% 466 643 37.9%
Interest - - 0.5 1.1 120.0%
Depreciation 48 22 -54.8% 124 79.2 -36.1%
Profit before Tax 545 662 21.4% 1,676 1,860 11.0%
Tax 162 197 21.6% 532 538 1.2%
Exceptional items - - 102 73 -28.2%
Profit after Tax/(Loss) 384 466 21.4% 1,246 1,395 12.0%
Net profit margin (%) 22.3% 41.2% 18.2% 24.6%
No. of Shares (m) 32.5 32.5 32.5 32.5
Diluted Earnings per share (Rs)* 42.9
P/E Ratio (x)* 20.3
*(trailing 12 months)

To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

P&G HYGIENE SHARE PRICE


Feb 20, 2018 (Close)

TRACK P&G HYGIENE

  • Track your investment in P&G HYGIENE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

P&G HYGIENE 5-YR ANALYSIS

COMPARE P&G HYGIENE WITH

MARKET STATS