Colgate-Palmolive Q1 net profit rises 33 percent to Rs 364 crore

Colgate-Palmolive reported a 33 percent increase in net profit to Rs 364 crore ($43.5 , as against Rs 274 crore posted in the corresponding quarter of the previous fiscal year.

The company’s revenue for the quarter rose by 13 percent to Rs 1,486 crore, as against Rs 1,315 crore in the year-ago quarter.

The quarter witnessed continued demand pickup in rural markets with strong sales in the personal care segment.

Commenting on the results, Prabha Narasimhan, managing director CEO of Colgate-Palmolive in a statement said, “We are happy to report another quarter of strong and consistent performance led by robust topline growth across the portfolio and continued strengthening of competitive performance. Our toothpaste portfolio witnessed double-digit growth driven by high-single digit volume growth.”

“Our continued investments in perceivable superiority in product, brand building and innovation are yielding significant results while strengthening our brand metrics to highest ever levels,” he added.

Colgate-Palmolive sells oral care products under Colgate brand and personal care products under the ‘Palmolive’ brand name.