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Published
May 18, 2021
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Colgate-Palmolive Q4 net profit jumps 54 percent to Rs 315 crore

Published
May 18, 2021

FMCG major Colgate-Palmolive India witnessed a 54 percent jump in its net profit at Rs 315 crore ($43 million) for the fourth quarter ended March 2021, as against a net profit of Rs 204 crore it had posted in the corresponding period last year.
 

Colgate-Palmolive Q4 net profit jumps 54 percent to Rs 315 crore - Palmolive


The company’s revenue for the quarter rose by 20 percent to Rs 1,275 crore, as against Rs 1,062 crore in the year-ago period.
 
For the full year, the company’s net profit rose 27 percent to Rs 1035 crore from previous fiscal’s Rs 816 crore, while its revenue grew by 7 percent to Rs 4810 crore as against last fiscal’s Rs 4488 crore.

Commenting on the results, Ram Raghavan, managing director at Colgate-Palmolive (India) Ltd, in a statement said: “We continue to have strong momentum across all categories. Our focused approach to executing our strategic initiatives has been instrumental in our continued abilities to sustain our growth momentum versus a year ago, as well as on a sequential basis.”
 
“Our strong discipline on driving efficiencies continues to hold us in good stead as we make strong progress across key financial metrics on the P&L, as seen in our EBITDA and NPAT growth,” 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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