US company Procter & Gamble (P&G) began its fiscal year with attributable net profit of 4,750 million dollars (4,093 million euros) between July and September, its first quarter, representing a 20% increase on the profit recorded in the same period of the previous year, according to the owner of brands such as Gillette and Pantene, which has halved the previously expected adverse impact of tariffs.

P&G’s net sales in the quarter were $22.386 billion (19.29 billion euros), a 3% year-on-year increase on a reported basis, while organic growth (which excludes the effects of foreign exchange and acquisitions and divestitures) was 2%, including a 1% increase in prices.

Between July and September, the business’ Beauty division generated sales of 4,143 million dollars (3,570 million euros), up 6% year on year, while sales reached 1,817 million dollars (1,566 million euros) in the Grooming segment, up 5%.

Meanwhile, the Health Care division posted sales of 3,220 million dollars (2,775 million euros), up 2%, and the Home Care division grew 1% to 7,793 million dollars (6,715 million euros). The Baby, Feminine, and Family Care segment recorded sales of 5,171 million dollars (4,456 million euros), a 1% year-on-year increase.

“These results keep us on track to meet our forecast ranges on all key financial metrics for the fiscal year, in a challenging geopolitical and consumer environment,” said Jon Moeller, P&G’s chairman and CEO.

For the current fiscal year as a whole, the multinational remains confident of achieving sales growth in the range of 1% to 5%, anticipating a tailwind from foreign exchange, acquisitions and divestitures adding approximately one percentage point to total sales growth.

The company also maintained its outlook for organic sales growth in the range of 3% to 9%.

Separately, P&G maintained its forecast for growth in diluted net earnings per share in fiscal 2026 of 3% to 9%, compared with diluted net earnings per share of $6.51 in fiscal 2025.

In addition, P&G now expects a headwind linked to raw material costs of approximately 100 million dollars (86 million euros) after tax and an increase in tariff costs of approximately 400 million dollars (345 million euros) for fiscal 2026, half of what was anticipated in July, as well as a net negative impact of approximately 250 million dollars (215 million euros) after tax due to net interest expense.

At the same time, the company continues to expect favourable exchange rates to result in a positive after-tax impact of approximately 300 million dollars (259 million euros).