THE WHAT? Procter & Gamble (P&G) has reported fiscal 2026 net sales growth of 3%, supported by higher pricing and favourable foreign exchange, while outlining plans to accelerate growth through continued investment, productivity improvements and consumer-focused innovation.
THE DETAILS Fiscal 2026 net sales increased to US$87.0 billion, while organic sales rose 1% and diluted earnings per share increased 2% to US$6.62. The Beauty division delivered one of the strongest performances, with annual net sales increasing 7% to US$16.0 billion, driven by growth in hair care and premium skincare brands, including SK-II. During the fourth quarter, Beauty sales rose 6%, with Hair Care benefiting from volume growth in Asia Pacific and Europe and Personal Care supported by pricing gains. P&G also returned more than US$15 billion to shareholders through dividends and share repurchases and expects fiscal 2027 sales growth of between 1% and 3% despite continued geopolitical and economic uncertainty.
THE WHY? The results highlight the resilience of P&G’s beauty portfolio despite ongoing cost inflation and macroeconomic pressures. Continued investment in innovation, productivity and premium beauty brands positions the company to defend market share while pursuing sustainable long-term growth in a volatile global market.
Source: Procter & Gamble
