In a regulatory filing on Monday, Colgate-Palmolive (India) announced a notable 35.7% increase in net profit after tax (PAT), reaching INR 330.11 crore for the quarter concluding on December 31, 2023. This marks a significant growth from the net PAT of INR 243.24 crore recorded for the corresponding quarter in the previous fiscal year.
As per the BSE filing, the company’s net sales for Q3 FY24 rose by 8.2% to INR 1,386 crore, contrasting with INR 1,281.21 crore reported in the corresponding period of the previous fiscal year.
Prabha Narasimhan, managing director and CEO of Colgate Palmolive said, “We are pleased with top-line growth for the quarter supported by the strong performance of our core equities. Profitability indicators are on an upward trend and we continue to enhance the investment support behind our brands.”
He further added, “Our current performance underscores the effectiveness of our strategy, focus on technology, securing the right talent, and efforts in governance and cost management. These initiatives have yielded consistent growth for the company, with our toothpaste segment achieving double-digit growth and positive volume expansion.”
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