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Grooming Investments Pay Off, Merck OTCs Count Organically In P&G's Latest Quarter

 
• By Eileen Francis

P&G’s grooming segment grew 4% in its latest quarter, the third consecutive of organic growth as the Gillette brand wins 18m customers in 12 months. The results suggest investments the company made to ward off subscription-based competitors are starting to pay off.

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Procter & Gamble Co. reaped benefits in its latest quarter both from investing in grooming, where sales grew 4%, and from acquiring Merck KGaA’s OTC business, which fueled 7% growth in the first earnings period the US firm included the German pharma’s former brands in its organic growth rate.

The strong results in P&G’s fiscal year 2020 second quarter for the grooming business, also including increasing its global market share and adding 18m customers in 12 months, mark its third consecutive quarter of growth, reaching $1.65bn

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