Procter & Gamble Hygiene and Health Care Ltd (PGHH) reported a 34.3% decline in net profit attributable to shareholders for the first quarter, signaling intensifying pressure on margins in the Indian consumer goods market.

The drop was driven by a combination of sluggish sales volumes and rising costs for both raw materials and advertising.

64% decline in consolidated net profit for the same period, citing elevated raw material costs as a primary drag.

The results highlight the operational challenges facing multinational consumer staples firms in India, where inflationary pressures on inputs are colliding with competitive pricing environments.

PGHH, which markets key brands including Whisper sanitary pads, Vicks healthcare products, and Old Spice grooming items, saw its profitability erode as it navigated higher input costs alongside increased spending on brand promotion to maintain market share.

This performance mirrors broader trends in the Indian consumer sector, where companies are grappling with cost inflation.

Earlier this month, Havells India Ltd reported a 16.64% decline in consolidated net profit for the same period, citing elevated raw material costs as a primary drag.