Procter & Gamble reported fiscal first-quarter results on Friday that exceeded Wall Street estimates, as higher pricing and resilient demand for staples such as Tide detergent and Pampers diapers offset softer volumes in discretionary categories. The Cincinnati-based company reaffirmed its full-year guidance.

The maker of Gillette razors and Crest toothpaste has leaned on price increases and premium product mixes to protect margins against elevated input and freight costs. CFO Andre Schulten previously told analysts that organic sales growth would be driven more by value than volume as consumers remained cautious on spending.

P&G's results offered an early read on consumer health as the US earnings season gathered pace. Analysts at Jefferies and Barclays had flagged North American and European staples demand as a key signal, with weaker categories pressuring packaged-goods peers. The strong dollar and currency swings weighed on reported figures.

The reaffirmed outlook signalled management's confidence despite a cautious consumer backdrop, echoing concerns raised this week about softening demand at brands such as Nike. Investors have rewarded consumer-staples firms able to hold pricing without triggering sharp volume declines.

CEO Jon Moeller said the company remained focused on its strategy of superior products and brand investment. "We delivered balanced growth across our portfolio and continue to invest for the long term," Moeller said in the earnings statement.