Colgate-Palmolive India Limited (CPIL) recorded a 31 percent rise in net profit to Rs 274 crore ($33.5 million) for the April-June quarter, as against Rs 210 crore in the year-ago period.
The company’s revenue for the quarter rose by 11 percent to Rs 1,338 crore, as against Rs 1,208 crore reported in the corresponding period of the previous fiscal year.
CPIL’s total expenses for the quarter were up by 4 percent to Rs 950 crore as compared to the last year’s quarter.
Commenting on the results, Prabha Narasimhan, CEO managing director at CPIL in a statement said, “The quarter saw strong sales growth and improvement across profitability ratios. This has been driven by good execution against our strategy focused on growing the oral care category.”
“We are also seeing early signs of recovery in rural markets and remain optimistic about continued improvement,” Narasimhan added.
Colgate-Palmolive India is one of the leading players in India’s personal care segment with a strong portfolio of brands in the grooming segment. It also owns a stake in men’s grooming firm, Bombay Shaving Company.
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