Procter & Gamble Co

posted a slight dip in quarterly profit that was in line with expectations as the world's largest household products maker raised prices and notched sales gains in each unit.

The maker of Pampers diapers and Tide detergent earned $3.02 billion, or $1.03 per share, in the first quarter ended on September 30, compared with $3.08 billion, or $1.03 per share, a year earlier. It had fewer shares outstanding in the most recent quarter.

Sales rose 8.9 percent to $21.92 billion.

Analysts on average were looking for a profit of $1.03 per share on $21.53 billion in sales, according to Thomson Reuters I/B/E/S. P&G had forecast earnings of $1.00 to $1.04 per share.

The company said it still expected full-year earnings of $4.17 to $4.33 per share.

(Reporting by Jessica Wohl in Chicago; Editing by Lisa Von Ahn)