Colgate-Palmolive Q3 net profit rise 4 percent to Rs 199 crore
FMCG firm Colgate-Palmolive India witnessed a 4 percent rise in its net profit to Rs 199 crore ($27.8 million) for the third quarter ended December 31, 2019, as against Rs 192 crore it reported in the same quarter a year ago.
The company’s total income for the quarter rose 4 percent to Rs 1,153 crore as compared to Rs 1,107 crore it had reported in the corresponding quarter of the previous fiscal year.
Commenting on the results, Colgate-Palmolive (India) MD Ram Raghavan in a statement said, “The current quarter continued to witness demand moderation and soft consumer sentiments. The company reported a net sales growth of 4.1 percent despite category headwinds in both rural and urban.”
“Our Brand Heath continues to strengthen on the back of our 'Smile Karo Aur Shuru Ho Jao' campaign as we bring to life more stories of people championing optimism. Additionally, our recent innovations are also off to a good start,” 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.
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