The company’s net sales stood at Rs 1,421 crore in the first quarter of the current financial year (Q1FY26)
Hit by subdued urban demand and elevated competition intensity, Colgate Palmolive India on Tuesday reported an 11.8 per cent year-on-year decline in net profit at Rs 321 crore for the first quarter of the current financial year (Q1FY26), compared to Rs 364 crore in the same period a year ago.
The financial results of the company revealed that the net sales stood at Rs 1,421 crore in Q1FY26, down 4.4 per cent from Rs 1,486 crore recorded in the corresponding period of the previous fiscal year (Q1FY25).
“The current quarter performance is also influenced by cycling a high base from the previous year; net sales grew at 12 per cent compounded annual growth rate (CAGR) in the base year, same period (Q1FY23 to Q1FY25). We continued to work towards execution of our strategic priorities. We have made good strides in category premiumisation, with our premium portfolio delivering strong revenue growth,” highlighted Prabha Narasimhan, Managing Director and Chief Executive Officer (CEO) of Colgate-Palmolive (India).
Narasimhan added that the company expects to navigate the current challenges and anticipates a gradual recovery in the back half of the year. Doubling down on innovation this quarter, the company introduced two new innovative formats under its kids and mouthwash portfolios.
