info@afternoonnews.in +91 98940 - 95096

Today Date : Tuesday, April 16, 2024

Colgate-Palmolive Quarterly Results: Double Digit Net Sales growth of 10.8% and 12.3%

Colgate-Palmolive Quarterly Results: Double Digit Net Sales growth of 10.8% and 12.3%

Colgate-Palmolive (India) Limited reported Net Sales growth of 10.8% over the same quarter of previous year aggregating to Rs. 1314.7 crore for the quarter ended June 30, 2023. Reported Net profit after tax for the quarter was Rs. 273.7 crore, a growth of 30.5% as against the Net Profit of Rs. 209.7 crore for the same quarter of the previous year. Excluding the impact of exceptional items, the Net Profit growth reported was 33%.

 

Ms. PrabhaNarasimhan, Managing Director & CEO of Colgate-Palmolive (India) Limited, said, “We are pleased with the results for the quarter that saw strong quarter-on-quarter sales growth and improvement across profitability ratios. This has been driven by good execution against our strategy focused on growing the oral care category. While the domestic sales grew at 12.3% compared to the same quarter of last year, toothpaste sales recorded a high double digits growth. In this quarter we also launched Colgate India’s first ever Whitening pen with our Dentist partners - this pen is a revolutionary new at-home whitening system.”

 

Colgate-Palmolive published its annual and ESG Report 2022-23 which included the 2nd edition of its ESG report. It can be accessed at the Company’s Investor website. (http://www.colgateinvestors.co.in/). The report details the Company’s commitment to and the progress made on all the areas of Environment, Sustainability, Corporate Social Responsibility and Governance.