Procter & Gamble reported a 4.14% increase in sales volume for categories like hair care and family care in the latest quarter, with organic sales rising 4% in Q2 excluding currency fluctuations, acquisitions, and divestitures. The company’s shift to a combination of price-driven growth and volume-driven growth is now strengthening.
The company is seeing accelerating growth in sales volume in North America, with some measures of US consumer sentiment showing improvement after the Covid-19 pandemic and recession concerns. China has been a challenging market for P&G, with the company reverting to Nigeria as an import-only market and divesting its fabric and home-care businesses in Argentina.
Chief Executive Jon Moeller recently spent time in China, the company’s second-biggest market after the U.S., talking with consumers and government officials. Analysts are watching P&G and its peers to determine whether they will be able to maintain pricing levels as inflation cools.
P&G plans to continue innovating in products that are already fixtures in millions of consumers’ homes. P&G’s volume for the quarter remained flat, with only its grooming business reporting growth.
P&G’s sales volume could increase due to people adding new products to their daily routines, according to Schulten. Fabric enhancers, used by only 35% of U.S. households, are used for 65% of laundry loads. P&G plans to continue innovating in products already in millions of homes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Procter & Gamble reported a 4.14% increase in sales volume for categories like hair care and family care in the latest quarter, with organic sales rising 4% in Q2 excluding currency fluctuations, acquisitions, and divestitures. The company’s shift to a combination of price-driven growth and volume-driven growth is now strengthening. The company is seeing accelerating …<\/p>\n","protected":false},"author":13,"featured_media":95811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6832,10868,7873,7827],"class_list":["post-95802","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-china","tag-new-products","tag-nigeria","tag-procter-gamble"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=95802"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95802\/revisions"}],"predecessor-version":[{"id":95809,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95802\/revisions\/95809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/95811"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=95802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=95802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=95802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}