P&G Hygiene and Health Care shares slip 5% after Q1 profit drops 34%, margin contracts

Procter & Gamble Hygiene and Health Care shares fell 5.5% on Wednesday, July 29, after the company reported a 34.3% drop in quarterly profit. Sales also fell 5% to ₹901 crore. Managing Director Kumar Venkatasubramanian said, "We continue to invest strategically behind our brands, innovation and market capabilities."