April 26 Procter & Gamble Co, maker of
Ariel detergent and Gillette razors, reported an 8.3 percent
fall in third-quarter profit, citing a slowdown in market
growth, geopolitical uncertainty and a stronger dollar.
Net income attributable to the Cincinnati, Ohio-based
company declined to $2.52 billion, or 93 cents per share, in the
three months ended March 31, from $2.75 billion, or 97 cents per
share, a year earlier.
P&G, whose iconic brands include Tide, Pampers,
Head-and-Shoulders and Vicks, said net sales fell about 1
percent to $15.61 billion - the thirteenth straight quarter of
(Reporting by Richa Naidu in Bengaluru; Editing by Sayantani