Colgate-Palmolive Q2 net profit rises 16 percent to Rs 395 crore

FMCG major Colgate-Palmolive India Ltd (CPIL) reported a 16 percent increase in its net profit at Rs 395 crore ($47 million) in the quarter ended September 2024, as against Rs 340 crore in the year-ago period.

The company’s revenue for the quarter rose by 10 percent to Rs 1,609 crore, as against Rs 1,462 crore in the corresponding period a year ago.

During the July-September quarter, the company’s total expenses rose by 14 percent year-on-year to Rs 1,695 crore.

Commenting on the results, Prabha Narasimhan, managing director CEO of CPIL in a statement said, “We had a consistent topline performance in a tough operating environment. This has been led by broad-based growth across portfolios.”

“We expect continued difficult market conditions but remain committed to leveraging our very strong P&L which allows us to continue to invest behind superior products and advertising while we maintain our focus on ensuring better oral health for everyone in India,” Narasimhan added.

Colgate-Palmolive sells oral care products under Colgate brand and personal care products under the ‘Palmolive’ brand name.