Colgate-Palmolive India Q3 net profit jumps 25 percent to Rs 248 crore
FMCG firm Colgate-Palmolive (India) reported a 25 percent rise in net profit at Rs 248 crore ($34.1 million) in the third quarter ended in December, as against a net profit of Rs 199 crore it had reported in the corresponding quarter last year.
The company’s total income during the period under review was up 8 percent at Rs 1,242 crore, as compared to Rs 1,153 crore it had reported in the same quarter a year ago.
Commenting on the Q3 results: “We are very pleased with not only the continued momentum on the business but also the quality of the results. Our strategic and disciplined approach to building brands, driving innovation, and relentless focus on winning on the ground continues to deliver as per our expectations,” Ram Raghavan, managing director at Colgate-Palmolive (India) Ltd, said in a statement.
“The company continues to invest in its brands with higher advertising spends to support innovations,” Raghavan 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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