Colgate-Palmolive India reported a 20 percent rise in net profit to Rs 380 crore ($45.5 million) for the quarter ended March 31, as against Rs 316 crore in the year-ago period.
The company’s revenue for the quarter rose by 10 percent to Rs 1,480 crore, as against Rs 1,341 crore in the corresponding quarter of the previous fiscal year.
For the full year ended March 31, 2024, the company reported a revenue of Rs. 5,644 crore and net profit of Rs 1,323 crore.
Commenting on the results, Prabha Narasimhan, managing director CEO of Colgate-Palmolive in a statement said, “In this quarter, our strong results of 10% top line growth and 20% profit growth have come on the back of continued commitment to strategic priorities. From a geography lens, our rural business has grown faster than urban, and we continue to see strong performance in modern trade and e-commerce platforms.”
“In the coming year, we are optimistic seeing the market recovery, the continued strengthening of our very strong brand and a robust innovation pipeline. We stay committed to our mission of improving oral health in India, delivering competitive growth and strong bottom-line performance,” he added.
During the quarter, the company launched new variants in the Palmolive body wash portfolio with unique fragrances.
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