Colgate-Palmolive (India) reported a marginal rise in third-quarter profit on Thursday, benefitting from demand for its oral hygiene products, even as it took a one-time charge tied to the country's new labour codes.
The toothpaste maker's net profit rose 0.3% to Rs 324 crore ($351.93 million) for the quarter ended December 31, from Rs 323 crore a year earlier. It had posted a 2% profit fall a year ago.
Revenue from operations for the quarter increased 1.4% to Rs 1,473 crore from Rs 1,452 crore a year earlier.
The company took a one-time charge of 83.9 million rupees linked to India's new labour codes, but profit for the quarter excluding the item and taxes grew 2.7%.
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