Colgate-Palmolive Posts 16% Rise In Q2 Profit
Mumbai: Colgate-Palmolive (India) Ltd on Friday posted a 16 per cent jump in net profit at Rs 181.31 crore for the second quarter that ended on September 30, 2016.
The company had registered a net profit of Rs 156.85 crore for the corresponding period a year ago.
Net sales increased to Rs 1,195 crore in the quarter under review, from Rs 1,088 crore in the quarter ended September 30, 2015, the consumer products company said in a statement here.
Net sales for the half-year ended September 30, 2016 stood at Rs 2,336 crore, an increase of 11 per cent over the first half of last year.
Net profit for H1 was at Rs 307 crore - a rise of 13 per cent compared with the corresponding period of the previous year.
The company has maintained its leadership position in both toothpaste and toothbrush categories in January-Sept 2016 period.
Its volume market share in toothpaste category stood at 55.7 per cent and 46.6 per cent in toothbrush segment.
The board declared a first interim dividend for the financial year 2016-17 of Rs 4 per share of Rs 1 each face value on the expanded capital base post the bonus issue.
The dividend payout to the shareholders will be Rs 130.9 crore.
"Colgate continues to focus on innovation and consumer insights while leveraging its strong heritage in the oral care category. Despite slowing market conditions, Colgate maintains its leadership position and continues to offer customised products for each market segment," managing director Issam Bachaalani said.
"We are focused on our priorities of strengthening the core of our business and drive competitive and profitable growth while staying committed to our sustainability initiatives."
