Procter & Gamble Co., the world's largest household products maker, reported a 37 percent rise in quarterly profit, helped by lower operating costs.

Net profit attributable to the company rose to $2.58 billion, or 89 cents per share, in the fourth quarter ended June 30, from $1.88 billion, or 64 cents per share, a year earlier.

The maker of Pampers diapers and Tide detergent said net sales fell 1 percent to $20.16 billion.