Colgate-Palmolive Q1 profit jumps 18 percent to Rs 233 crore
FMCG major Colgate-Palmolive India Ltd (CPIL) witnessed an18 percent rise in its net profit at Rs 233 crore ($31.4 million) for the first quarter ended June 30, as against a net profit of Rs 198 crore it reported in the year-ago period.
The company’s revenue for the quarter rose by 12 percent to Rs1,158 crore, as against Rs 1,034 crore reported in the corresponding period in the previous fiscal year.
Commenting on the Q1 results, Ram Raghavan, managing director at CPIL, in a statement said: “Despite the challenging external circumstances the company has reported sustained growth momentum across all categories.
"Our disciplined approach to execute against our strategic initiatives was a key driver to deliver strong results. Our structured and balanced approach to driving effectiveness and efficiencies in every aspect of our operations has resulted in a strong performance across all key financial metrics," 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.