Colgate-Palmolive Q4 net profit up 5 percent to Rs 198 crore
FMCG major Colgate-Palmolive India Ltd (CPIL) witnessed a 5 percent rise in its net profit to Rs 198 crore ($28.5 million) for the fourth quarter ended March 2019 as against Rs 189 crore it reported during the corresponding quarter last fiscal.
The company’s revenue for the quarter increased by 6 percent to 1,147 crore from Rs 1,085 crore it had reported in the corresponding period last year.
Commenting on the results, CPIL managing director Issam Bachaalani in a statement said, “With strong investments in our advertising and brand building activities, we have delivered consistent domestic volume growth of 5 per cent despite high competitive intensity and moderation in consumer demand.”
For the financial year 2018-19, CPIL’s net profit jumped by 15 percent to Rs 776 crore as against Rs 673 crore it had reported for the fiscal year 2017-18. The company’s revenue for the year rose 3 percent to Rs 4,432 crore from Rs 4,300 crore last fiscal.
CPIL had invested Rs 18 crore this fiscal to pick up a strategic stake in men’s grooming firm Bombay Shaving Company to strengthen its presence in the personal care segment in India.
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