P&G Health - Focus On Growth In Core Vitamins-Nutrients-Supplement Therapy: ICICI Direct

P&G Health - Focus On Growth In Core Vitamins-Nutrients-Supplement Therapy: ICICI Direct

A Gillete Gel bottle manufactured by P&G. (Photo: Manik Roy/ Unsplash)

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ICICI Direct Report

Procter and Gamble Hygiene and Healthcare Ltd. is a leading pharma cum over the counter company with key focus on vitamins, minerals, supplement category. It has legacy brands in the VMS category like Neurobion Forte, Polybion, Evion (all vitamins), Livogen (iron supplement), Nasivion (nasal decongestant), Seven Seas (vitamin- substitute for malt based health drinks).

Key triggers for future price performance:

  • P&G's strong distribution channel and strong brand recall are likely catalysts for future growth besides the performance of ex-VMS portfolio.

  • MNC pharma traits like strong brand stickiness, growth, earnings visibility, consistency (despite quarterly fluctuations) in performances, strong balance sheet.

  • Key differentiator for P&G is that its core category is VMS. As a therapeutic category, this is likely to be rediscovered as a preventive care mechanism due to increased health awareness in a post-Covid world.

Click on the attachment to read the full report:

ICICI Direct P&GHealth Company Update.pdf
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