Procter & Gamble Hygiene and Health Care reported a 16.45 percent decline in net profit at Rs 83.24 crore for the quarter ended on March 31, 2018.
A revival in rural demand may help boost the topline growth of the Rs 3.4-trillion fast moving consumer goods (FMCG) sector by 300-400 basis points to 11-12 percent this financial year, said a report.
Sensex tumbled over 188 points to close at 34,915.38, extending its slide for the second straight session due to selling in auto, healthcare, metal and FMCG stocks.
Marico reported a 7.19 per cent year on year rise in consolidated net profit at Rs 183.20 crore for the quarter ended March.
Nifty ended higher by 47 pts to 10,739.35, lifted by buying in key realty, IT and FMCG and bank sectors, tracking higher global cues and correction in crude oil prices.
Key Indian equity indices opened with appreciable gains with healthy buying in banking, auto and FMCG stocks.
Benchmark Sensex vaulted over 212 points, riding on a stellar show by Yes Bank, as investors piled into consumption, IT and banking counters amid encouraging earnings.
Sensex of the BSE, which opened at 34,532.95 points, traded at 34,573.27 points -- up 72 points or 0.21 per cent from its previous session's close.
Sensex was trading lower by 77.41 points, or 0.23%, at 34,115.24 at 1200 hrs, led by selling on IT, energy, telecom, auto, banking, oil & gas counters.
Procter & Gamble reported a 13 pc decline in the net profit at Rs 131 cr for the Dec quarter, on the back of increased investment in product innovation and advertising.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr