P&G ends fiscal year with a 1.5% increase in profits to €13.730 billion

Procter & Gamble (P&G), the American giant known for brands such as Ausonia, Tampax, Pantene, and Ariel, closed its fiscal year with a net profit of $14.879 billion (€13.730 billion), marking a 1.5% increase from the previous year.

The company’s net revenue reached $84.039 billion (€77.551 billion), a 2.5% year-over-year increase. Currency fluctuations had a negative impact of two percentage points, while price changes contributed four percentage points.

In its divisions, the beauty sector earned $15.220 billion (€14.045 billion), up 1%, while the grooming sector’s revenue rose 4% to $6.654 billion (€6.140 billion). 

The healthcare division reported revenues of $11.793 billion (€10.882 billion), up 5%, and the home care division increased by 4% to $29.495 billion (€27.218 billion).

The baby, feminine, and family care business maintained steady revenue at $20.277 billion (€18.711 billion).

In the fiscal fourth quarter, from April to June, P&G recorded a net profit of $3.137 billion (€2.895 billion), 7.3% higher than the previous year, and business revenue of $20.532 billion (€18.947 billion), consistent with the same quarter last year.

Jon Moeller, P&G’s CEO, stated, “Fiscal year 2024 was another year of solid results for P&G,” and expressed confidence in achieving strong organic sales and earnings per share growth in fiscal 2025.

For fiscal 2025, P&G anticipates total sales growth between 2% and 4% compared to the previous year, despite expecting currency exchange to pose a one percentage point challenge to sales growth, and aims for organic sales growth between 3% and 5%.

Additionally, P&G projects diluted net earnings per share growth of 10% to 12% from the fiscal 2024 earnings per share of $6.02.

However, the company foresees a net challenge of approximately $500 million (€461 million) related to raw material costs and unfavorable exchange rates, which is expected to act as a net headwind of $0.20 per share for fiscal 2025.