Colgate-Palmolive India on Monday, reported a 35.7 per cent rise in net profit after tax (PAT) at Rs 330.11 crore for the quarter that ended 31 December 2023 as against net PAT of Rs 243.24 crore for the same quarter in the previous fiscal, company said in a regulatory filing.
The company’s net sales rose 8.2 per cent to Rs 1,386 crore in Q3 FY24, as compared to 1,281.21 crore in the previous fiscal’s same period.
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 said, “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.”
