The pricing tap is closing while the volume hose should flow for Procter & Gamble’s revenues during the global health, wellness beauty, grooming and household product firm’s fiscal year 2024, which began with 6% net sales growth to $21.9bn in the July-September period.
P&G Prepares For Growth To Move From Price Increases To Volume As It Girds For FX Headwind
Contribution of price increases to P&G’s organic sales growth will decrease 3 to 4 points during its FY2024 while volume will “progress sequentially,” says CFO Andre Schulten during firm’s first-quarter earnings briefing. Net sales up 6% to $21.9bn in July-September.
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