Global FMCG manufacturer Procter & Gamble (P&G) reported mixed results for the second quarter (Q2) of fiscal year 2026, with net sales increasing by 1% to around £16.4bn.

The parent company of washing brands Ariel and Tide saw its fabric and home care department remain flat year-over-year, as an increase in volume across North America and Latin America was offset by a volume decrease in Europe and an unfavourable product mix.

However, the beauty segment’s organic sales grew by 4% compared to the year prior, driven by a strong performance in hair care.

Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning

Shailesh Jejurikar, president and CEO of P&G said: “Our results in the second quarter keep us on track to deliver within our fiscal year guidance ranges for organic sales growth, core EPS (earnings per share) growth and adjusted free cash flow productivity in a challenging consumer and geopolitical environment.

“We remain committed to our integrated growth strategy and are excited by the opportunity ahead to reinvent P&G and create the CPG company of the future, delivering long-term balanced top- and bottom-line growth and value creation.”

As part of the future outlook, the business maintained its guidance and expects all-in sales growth to be in the range of between 1% and 5% compared to the previous year.

The company also expects organic sales growth to be in the range of flat to up by 4% year-over-year.