CHURCH & DWIGHT CO., INC. EXCEEDS FIRST QUARTER EXPECTATIONS.

PRINCETON, N.J.--(BUSINESS WIRE)--APRIL 27, 1995--Church & Dwight Co., Inc. (NYSE:CHD) today reported that for the quarter ended March 31, 1995, net income was $1.1 million, or $0.06 per share, compared to consensus expectations of a loss of $0.10 per share. This compares with $2.4 million, or $0.12 per share, reported last year. Sales increased by 5.8 percent to $118 million. The improvement was the result of stronger sales and additional overhead reductions implemented during the quarter.

Dwight C. Minton, Chairman and Chief Executive Officer, commented, "During the first quarter we continued to heavily support our two new products, ARM & HAMMER(R) PeroxiCare(R) toothpaste and ARM & HAMMER(R) Deodorant Anti-Perspirant. Results on both have been encouraging and, overall, our business was generally stronger than in the fourth quarter of last year."

Church & Dwight Co., Inc. is the manufacturer of ARM & HAMMER(R) consumer and specialty products.

            CHURCH & DWIGHT CO. INC. AND SUBSIDIARIES
     Condensed Consolidated Statements of Income (Unaudited)
               (in thousands, except per share data)

                                  Three months ended
                            March 31, 1995     April 1, 1994

Net sales                     $117,963            $111,511
Cost of sales                   68,693              64,191
Gross profit                    49,270              47,320
Selling, general and
 administrative expenses        49,520              45,542
Income/(Loss) from operations     (250)              1,778
Other income (expense), net        (41)                432
Equity in joint venture income   2,429               1,621
Income before taxes              2,138               3,831
Income taxes                       995               1,412
Net income                      $1,143              $2,419

Net income per share            $ 0.06              $ 0.12
Dividends per share             $ 0.11              $ 0.11
Weighted average shares
 outstanding                    19,533              20,071
-0-
                  CHURCH & DWIGHT CO. INC. AND SUBSIDIARIES
             Condensed Consolidated Balance Sheets (Unaudited)
                          (Dollars in thousands)

                                March 31, 1995   April 1, 1994
Assets
Current assets
Cash, equivalents and securities    $ 6,983         $ 8,068
Accounts receivable                  43,386          45,374
Inventories                          51,908          54,853
Deferred income taxes                11,807          11,834
Prepaid expenses and other current
 assets                               6,402           5,782
Total current assets                120,486         125,911
Property, plant and equipment (net) 140,506         124,899
Note receivable from joint venture   11,000          11,000
Equity investment in joint venture   14,091          16,662
Intangibles and other assets          7,812           8,371
Total assets                       $293,895        $286,843

Liabilities and Stockholders' Equity
Current liabilities                $ 98,333        $ 77,600
Long-term debt                        7,500           7,650
Deferred items                       21,722          23,122
Nonpension postretirement and
 postemployment benefits             13,085          11,549
Stockholders' equity                153,255         166,922
Total liabilities and stockholders'
 equity                            $293,895        $286,843

CHURCH & DWIGHT CO., INC. DECLARES 377TH REGULAR QUARTERLY DIVIDEND

PRINCETON, NJ, April 27, 1995--Church & Dwight Co., Inc. (NYSE:CHD), manufacturers of ARM & HAMMER(R) products, reported that the Board of Directors declared a regular quarterly dividend of 11 cents per share. The dividend will be payable June 1, 1995 to stockholders of record at the close of business May 16, 1995. This is the Company's 377th regular quarterly dividend.

CONTACT: Church & Dwight Co., Inc.

Anthony P. Deasey, 609/683-7069