Comments
Colgate Palmolive has reported a 25 per cent increase in net profit at ₹188.7 crore, which includes tax reversals of ₹17.79 crore, for the quarter ended March 31. Net sales on an adjusted basis was at ₹1,085.1 crore for the quarter, an increase of 5.1 per cent over the same period in the previous year.
Net sales growth was driven by volume growth of 4 per cent. In a statement Issam Bachaalani, Managing Director, Colgate-Palmolive (India), said: “In the fourth quarter, we delivered strong volume growth of 4 per cent despite a competitive business environment. We maintained our strong leadership position in both the toothpaste and toothbrush categories in FY 2017-18, with volume market shares for the year at 53.4 per cent and 44.8 per cent, respectively.”
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.