Colgate-Palmolive India Q2 net profit declines two percent to Rs 269 crore
FMCG major Colgate-Palmolive India Ltd (CPIL) witnessed a two percent decline in its net profit at Rs 269 crore ($35.8 million) for the second quarter ended September 2021, as against a net profit of Rs 274 crore reported in the year-ago period.
The company’s revenue for the quarter rose by 5 percent to Rs 1,343 crore, as against Rs 1,277 crore it reported in the corresponding period last year.
Colgate-Palmolive’s total expenses during the quarter stood at Rs 998 crore, as against Rs 924 a year ago.
“Our overall growth momentum across our brands/categories has shown a consistent trajectory with good recovery on volume growth trends quarter-on-quarter. Overall penetration trends remain strong and are seeing favourable trends quarter-on-quarter,” CPIL managing director, Ram Raghavan, said in a statement.
“We continue to deploy engaging and new content to continue this trajectory. Our go-to-market approach continues to see the adoption of new business models and approaches as we look to bring our brands to life across platforms,” he 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.
Copyright © 2022 FashionNetwork.com All rights reserved.