Colgate-Palmolive India's quarterly profit rises on oral care demand
CL•CL•CL•CL•Colgate-Palmolive India reported second-quarter profit of 3.42 billion rupees, up from 3.28 billion rupees a year earlier, while revenue rose 12.3% to 16.92 billion rupees.
Net profit for the quarter ended September 30 increased to 3.42 billion rupees from 3.28 billion rupees a year earlier. Revenue from operations rose 12.3% to 16.92 billion rupees. The toothpaste portfolio delivered high-single-digit volume growth, led by its premium range and Colgate MaxFresh; gross margin expanded 40 basis points to 69.6%.
Managing Director and CEO Manish Anandani said the company would address commodity cost fluctuations through cost savings and calibrated pricing. The Indian unit said it increased brand-building and premiumisation investments and expects robust growth ahead, driven by its product portfolio and advertising spending.
