The company said profit was $3.08 billion, or 92 cents a share, in the first quarter compared with $2.70 billion, or 79 cents a share, a year earlier.
P&G plans to push further into health and beauty products, which generate higher margins than the company's household lines as well as the possible sale of its lower profit-margin brands, among them Folgers coffee, Duracell batteries and Pringles potato chips.
