P&G hits a new high

P&G Hygiene and Health Care hit a new 52-week high today at Rs.3690, up almost 7.5%, with around 7 times jump in volumes.

This spike in the stock price and volume of P&G has happened on the back of its very good performance it posted for third quarter ended 31^st March 2014 (30^th June is year ending). It reported a very healthy 55% (YoY) jump in net profit at Rs.81 crore and this robust bottom line was on the back of 20% rise in net sales at Rs.500 crore.  Thanks to tight cost controls, its EBITDA margin improved substantially from 15.71% to 21.76%.