P&G Hygiene stock needs June quarter recovery to continue
₹852.5 crore. Meanwhile, P&G Hygiene’s dividend payout ratio continues to remain robust.
In FY23, the company’s dividend per share stood at ₹185, which translates into a payout of about 88%. The return on equity and return on capital employed are nearly 81% and 88%, respectively, according to Nirmal Bang.
Given this, the broking firm points out that the stock’s high multiples look sustainable. But, due to pricey valuations, and uncertain pace of sales and earnings recovery analysts at Motilal Oswal Financial Services maintain a Neutral rating on the P&G Hygiene stock.
Shares of the company trade at 51 times their FY25 estimated earnings, according to Bloomberg data. However, Motilal Oswal remains positive on the long-term growth potential of the sanitary napkin and healthcare business.
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