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Colgate-Palmolive Q4 net profit jumps 54.1% to Rs 314.6 crore

The company had posted a net profit of Rs 204.15 crore in the January-March quarter a year ago.

May 17, 2021 / 06:21 PM IST
Representative Image

Representative Image

FMCG major Colgate-Palmolive India on Monday reported a 54.1 per cent jump in its net profit at Rs 314.6 crore for the quarter ended March 31, 2021, helped by higher sales. The company had posted a net profit of Rs 204.15 crore in the January-March quarter a year ago.

Its net sales went up by 20.2 per cent to Rs 1,275.01 crore during the quarter under review, as against Rs 1,062.35 crore in the year-ago period , Colgate-Palmolive India Ltd said in a regulatory filing. Ram Raghavan, Managing Director at Colgate-Palmolive (India), said the company continues to witness strong momentum across all categories.

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"Our focused approach to executing our strategic initiatives has been instrumental in our continued abilities to sustain our growth momentum versus year ago as well as on a sequential basis," he added. Shares of Colgate-Palmolive India were trading 3.07 per cent higher at Rs 1,615.35 apiece on BSE.
PTI
first published: May 17, 2021 06:21 pm

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