Colgate-Palmolive (India) has posted a 24.74 percent increase in net profit at Rs 248.36 crore in the third quarter ended in December. The FMCG firm had reported a net profit of Rs 199.1 crore in the same quarter a year ago.
During the period under review, the company’s total income stood at Rs 1,241.81 crore, up 7.70 percent, as compared to Rs 1,152.97 crore in the year-ago quarter.
Ram Raghavan, Managing Director at Colgate-Palmolive (India) Ltd, said, “We are very pleased with not only the continued momentum on the business but also the quality of the results. Our strategic and disciplined approach to building brands, driving innovation, and relentless focus on winning on the ground continues to deliver as per our expectations.”
“The company continues to invest in its brands with higher advertising spends to support innovations,” he added.