P&G Sees Slowing Growth Amid US Inflationary Pressures

Procter & Gamble (P&G), the US consumer goods giant behind brands like Head & Shoulders, Oral-B, and Gillette, has forecast a slowdown in growth for fiscal 2026/2027. The company expects organic revenue growth of 1% to 3%, which is a deceleration from last year's 3.3% increase. P&G cited persistent inflationary pressures in the United States as a key factor behind this projection, with raw material costs estimated at around $1 billion.

In the fourth quarter of fiscal 2025/2026, sales growth was led by the beauty segment, particularly hair care, while baby care lagged behind. Net earnings declined slightly by 0.49% to $16.1 billion, coming in marginally below expectations. Adjusted earnings per share reached $6.62, up 2% year on year, but below the Bloomberg consensus estimate of $6.87.

P&G's President and Chief Executive Officer, Shailesh Jejurikar, said in a statement that fiscal 2026 was a year of foundation building while continuing to grow sales and profit and return high levels of cash to shareholders despite a challenging geopolitical and economic environment. For fiscal 2026/2027, the company is targeting adjusted earnings per share of between $6.89 and $7.11.