P&G Hygiene Q2 Results FY27: Profit Down 7%, Costs Up

Results analysis · FMCG

Looking for the P&G Hygiene Q2 results FY27? Procter & Gamble Hygiene and Health Care reported on 12 November 2026: revenue flat, profit down 6.7%, material costs up 20%. This page lays out the figures, the cost arithmetic, where sources disagree and what to check in the filing.

Updated: Thursday, 12 November 2026, 4:05 PM IST  |  Reading time: 21 min  |  Next update: after the filing is read or the next quarterly results

Latest update (Thursday, 12 November 2026, 4:05 PM IST): P&G Hygiene and Health Care reported Q2 FY27 standalone results on Thursday, 12 November 2026, with the first reports at about 1:47 PM IST during market hours. I did not find a dividend announcement, an analyst consensus, an official closing price or a call summary, and I have not opened the exchange filing.

In plain words: P&G Hygiene and Health Care sells Vicks, Whisper, Vicks and other household and health brands in India. Its profit depends on volumes, prices, advertising spending and the cost of inputs such as packing material and chemicals.

Data note: Figures are as of 12 November 2026, 4:05 PM IST and are standalone. They follow Free Press Journal, Investywise and the Upstox live blog; Business Upturn could not be read. I could not open the exchange filing, and no source gave EBITDA. Derived numbers are my calculation. This is Procter & Gamble Hygiene and Health Care Limited, not the separate listed company Procter & Gamble Health Limited.

What did the company report in the P&G Hygiene Q2 results FY27, and how big was the change?

In the P&G Hygiene Q2 results FY27, standalone revenue from operations was Rs 1,145.08 crore, down 0.4% from Rs 1,150.17 crore. Profit before tax was Rs 262.02 crore, down 7.0%, and net profit was Rs 195.84 crore, down 6.7% from Rs 209.86 crore, per Free Press Journal and Investywise.

The results covered the quarter to 30 September 2026. Reports appeared from about 1:47 PM IST on Thursday, 12 November 2026, while the market was open (Investywise 1:47 PM, Upstox live blog 1:55 PM, Free Press Journal updated 2:14 PM). The figures below are standalone. I have not opened the filing, so every number is as reported by the sources named.

Cite this table: P&G Hygiene Q2 FY27 standalone results per Free Press Journal and Investywise; derived changes calculated by PositionalCalls.

These tie. Total income of Rs 1,162.09 crore less expenses of Rs 900.07 crore is Rs 262.02 crore, which is the reported profit before tax, and Rs 262.02 crore less tax of Rs 66.18 crore is Rs 195.84 crore, the reported net profit (my calculation). Earnings per share of Rs 60.33 divides into Rs 195.84 crore at about 3.25 crore shares, the same count as a year earlier (Rs 209.86 crore over Rs 64.65). Investywise rounds the same results to revenue of Rs 1,145 crore, flat, and profit of Rs 196 crore, down 7%.

Which basis does the P&G Hygiene Q2 results FY27 headline use?

Free Press Journal labels the figures standalone, and the company reports only standalone figures as far as my earlier preview shows. Business Upturn also covered the result, but its page could not be read in this session, so I do not use it. Do not confuse the company with Procter & Gamble Health Limited, a separate listed company that also reported Q2 results; I did not open its results and nothing on this page refers to it.

What was the Q2 FY26 base, and does it tie to the P&G Hygiene Q2 results FY27?

The Q2 FY26 base was revenue of Rs 1,150.17 crore, profit before tax of Rs 281.78 crore, net profit of Rs 209.86 crore and earnings per share of Rs 64.65, reported in November 2025. The Q2 FY27 changes tie to that base within rounding.

Cite this table: P&G Hygiene Q2 FY26 base per my earlier preview page; Q2 FY27 comparison by PositionalCalls.

The year-ago base was itself flat (revenue up 1.3%, profit down 1%), so this is a second flat year on the top line, not a fall from a high base. The preview recorded that Q1 FY27 had been weak, with profit down 34.3%, so Q2 FY27 was the first quarter of the year in which profit was within 7% of the year-ago figure (my calculation).

Why did profit fall in the P&G Hygiene Q2 results FY27 when revenue was flat?

Expenses rose about 2.5% on flat revenue. Raw and packing materials rose 20.4% to Rs 237.87 crore and traded-goods purchases rose 12.2% to Rs 237.52 crore, partly offset by advertising and sales promotion, which fell 5.3% to Rs 166.62 crore, per Free Press Journal. Investywise cites commodity costs and the exchange rate.

Cite this table: P&G Hygiene cost lines per Free Press Journal; implied year-ago figures and ratios calculated by PositionalCalls.

Investywise reports that commodity cost fluctuations had a double-digit effect on the quarter, that unfavourable exchange rates weighed too, and that a productivity programme partly offset them. The raw material line moved from about 17.2% to about 20.8% of revenue, a 3.6-point step (my calculation), which is larger than the 2.1-point fall in margin shown below, so other lines such as advertising and employee cost partly absorbed it. The reports I read do not give the employee cost, depreciation or finance cost lines, and I cannot say how much of the squeeze came from each.

What happened to the margin in the P&G Hygiene Q2 results FY27?

No source I read reports EBITDA. Taking profit before tax less other income as a rough operating measure, it was Rs 245.0 crore against Rs 271.9 crore, a margin of about 21.4% against 23.6% on revenue. That is my calculation, not an EBITDA figure.

Cite this table: P&G Hygiene margin lines calculated by PositionalCalls from Free Press Journal figures; not company disclosures and not EBITDA.

The measure includes depreciation and finance cost, which the reports do not separate, so it understates true EBITDA by an unknown amount. My earlier preview recorded an operating margin of 19.11% for Q1 FY27 against 28.46% a year earlier (MarketsMOJO), a different definition; on the same style of arithmetic Q1 FY27 is not comparable, so I do not compare the two. The direction is clear in both: margin was lower than a year earlier.

How much did other income and tax matter in the P&G Hygiene Q2 results FY27?

Other income rose to Rs 17.01 crore from Rs 9.90 crore, adding about Rs 7.1 crore, or about 2.7% of profit before tax. The tax rate was about 25.3% against 25.5%, so neither explains the fall in profit; the cost lines do (my calculation).

Cite this table: P&G Hygiene other income and tax lines per Free Press Journal; ratios calculated by PositionalCalls.

Without the other income the fall in profit before tax would have been about 9.9% instead of 7.0%. Other income at this company is usually treasury income on cash, but the reports do not split it, so that is an assumption and not a finding. The company holds a large cash balance and pays large dividends, so interest income can move with the payout calendar; I did not read a cash figure for this quarter.

What do Q1 FY27 and the first half show about the P&G Hygiene Q2 results FY27?

First-half revenue was Rs 2,036.54 crore, down 2.4%, and first-half net profit was Rs 322.11 crore, down 19.9% from Rs 401.92 crore. Q2 revenue was 28.4% above Q1 FY27 and profit 55.1% above it, per Free Press Journal.

Cite this table: P&G Hygiene H1 and sequential figures per Free Press Journal; ratios calculated by PositionalCalls.

The numbers tie. Q1 FY27 revenue of Rs 891.46 crore plus Q2 revenue of Rs 1,145.08 crore is Rs 2,036.54 crore, and Q1 profit of Rs 126.27 crore plus Q2 profit of Rs 195.84 crore is Rs 322.11 crore (my calculation). The first half is down 19.9% in profit on revenue down 2.4%, so the half-year picture is worse than the second quarter alone. Advertising spend nearly doubled from Q1 to Q2, which may reflect festival-season timing, but the reports do not say.

What did the preview say, and how did the P&G Hygiene Q2 results FY27 compare?

The P&G Hygiene Q2 results date FY27 preview named Rs 1,150.17 crore revenue and Rs 209.86 crore profit as the base, and Rs 126.27 crore as the Q1 FY27 profit mark. Revenue and profit were both just below the base and well above the Q1 mark.

Cite this table: Preview marks against reported figures; outcomes calculated by PositionalCalls.

The preview made no call on direction and this page makes none either; it records what was reported.

What do the price, estimates and dividends say after the P&G Hygiene Q2 results FY27?

I found no post-result share price, no analyst estimate and no dividend announcement. My earlier preview recorded a price of Rs 6,982 and a market capitalisation of Rs 22,664 crore (undated), and FY26 dividends of Rs 195 interim and Rs 60 final, Rs 255 in total.

Cite this table: P&G Hygiene price and payout items as of the time stated; not verified against filings.

A dividend does not change the results, but it moves cash out of the company and appears in the price on the ex-date. If you hold the shares, the tax treatment of any dividend is covered in dividend tax in india; sales are covered in capital gains tax on shares. A total of Rs 255 a share on about 3.25 crore shares is about Rs 828 crore (my calculation), which my preview noted does not tie to a Rs 844 crore figure in another source.

What does the cost arithmetic on the P&G Hygiene Q2 results FY27 show?

At Q2 FY27 revenue of Rs 1,145 crore, each percentage point of cost-to-revenue is worth about Rs 11.5 crore of profit before tax. Had raw and packing materials stayed at last year’s 17.2% of revenue, they would have cost about Rs 197 crore, about Rs 41 crore less than reported. This is my arithmetic, not a forecast.

Cite this table: P&G Hygiene material cost sensitivity, my calculation on fixed revenue. Illustrations, not forecasts.

Held at the year-ago ratio, the saving of about Rs 41 crore is about 15.6% of profit before tax (my calculation), larger than the Rs 19.8 crore actual fall, so other lines helped. That is arithmetic about the cost base, not a statement about what Procter & Gamble Hygiene and Health Care’s costs should be.

How do I read the next P&G Hygiene results after the P&G Hygiene Q2 results FY27?

On the next results read, in this order: revenue against Rs 1,145 crore, raw and packing material as a share of revenue, advertising spend, profit before tax against Rs 262.0 crore, other income and the dividend.

Cite this table: P&G Hygiene reading order, PositionalCalls.

For any summary or target you read elsewhere, compare its assumptions with these lines: the cost ratio, the advertising spend and the other income. If it does not state them, you cannot check it.

How do I read the P&G Hygiene filing and avoid fake tips?

Open the NSE or BSE announcement for Procter & Gamble Hygiene and Health Care Limited, not a link in a message, and read the standalone results table first. Treat any tip that asks for an OTP, payment or login, or promises a target, as fake.

1. Open the exchange announcement page for Procter & Gamble Hygiene and Health Care Limited.
2. Read the unaudited results for the quarter and half year ended 30 September 2026.
3. Note revenue, other income, expenses by line, profit before tax, tax and profit.
4. Compare with Rs 1,145 crore, Rs 262.0 crore and Rs 195.84 crore.
5. Read the notes on exceptional items and the limited review conclusion.
6. Check the dividend announcement and the record date.

PositionalCalls is not SEBI-registered, gives no buy or sell calls and never asks for payment. Nothing here is investment advice.

What do most people miss in the P&G Hygiene Q2 results FY27?

Most readers see profit down 6.7% and miss that the first half is down 19.9%, that raw and packing material rose 20.4% on flat revenue, that other income cushioned profit by about Rs 7 crore and that no source reports EBITDA.

P&G Hygiene Q2 results FY27: frequently asked questions

Sources

• NSE India: corporate announcements: results and dividend notices.
• BSE India: corporate announcements: the results filing.
• Free Press Journal: P&G Hygiene Q2 profit falls 6.7%, 12 November 2026, updated 2:14 PM IST.
• Investywise: Procter & Gamble Hygiene and Health Care Q2 FY27 results, 12 November 2026, about 1:47 PM IST.
• Upstox: Q2 results live blog, 12 November 2026, entry at 1:55 PM IST.
• PositionalCalls: P&G Hygiene Q2 results date FY27 preview, 12 November 2026.

Disclosure: PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. PositionalCalls is an independent research and education site founded by Shubham Chaudhary. Nothing here is a recommendation, target or investment advice. How I researched this: for this page on the P&G Hygiene Q2 results FY27 I read Upstox, Free Press Journal and Investywise, noted where sources differ, and marked every derived number as my calculation. I did not open any company filing or exchange document. Figures are as of 12 November 2026, 4:05 PM IST.