On July 26, Colgate-Palmolive (India) announced consolidated net profit of Rs 273.68 crore for the June quarter of FY24, up 30.5 percent from Rs 209.67 crore in the same period of FY23.
The corporation recorded a 33 percent increase in net profit after eliminating the effects of unusual items.
According to a regulatory filing, the company’s total revenue is Rs 1,314.73 crore, an increase of 10.7% from Rs 1,186.59 crore in the same quarter last year.
Domestic net sales increase for the business is 12.3percent. Ms. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India) Limited said, “While the domestic sales grew at 12.3% compared to the same quarter of last year, toothpaste sales recorded a high double digit growth. We are also seeing early signs of recovery in rural markets and remain optimistic about continued improvement.”
According to a press release from the corporation, investment in our brand-building initiatives will continue.
On July 26, Colgate’s stock price on the NSE finished at Rs 1,878.45, a 1.08 percent decline.
American global consumer goods corporation Colgate-Palmolive corporation has its main office on Park Avenue in Midtown Manhattan, New York City. Production, distribution, and provision of domestic, health, personal care, and veterinary items are the company’s areas of expertise. After more than 210 years, William Colgate’s early 19th-century soap and candle business in New York City has evolved into a massive consumer goods corporation with more than 34,000 employees serving hundreds of millions of customers worldwide with the most recognised brand in the world.
Colgate teams create, produce, distribute, and market vital health and hygiene products as well as pet nutrition, with a focus on Oral Care, Personal Care, Home Care, and Pet Nutrition, in more than 200 countries and territories.