Colgate-Palmolive Q3 Results: Net Profit Dips 4 pc to Rs 243 cr

Colgate-Palmolive (India) said its net profit declined by 4 percent to Rs 243 crore in the third quarter that ended December 31, 2022. The company had reported a net profit of Rs 252 crore in the October-December period of the previous fiscal.

Total income, however, increased to Rs 1,302 crore in the period under review as compared with Rs 1,286 crore in the year-ago period, Colgate-Palmolive (India) said in a regulatory filing.

Net profit for the nine months ended December 31, 2022, declined to Rs 731 crore as compared with Rs 755 crore in the year-ago period.

“The company is focussed on its key strategic pillars of building oral care habit in India, driving innovation and renovation through science-led products and premiumization. Although oral care consumption continued to be weighed down in the quarter by adverse macro factors, the company is cautiously optimistic going forward,” said Colgate-Palmolive (India) MD Prabha Narasimhan.

“The focus remains to stay invested in our category and brand-building activities on key strategic pillars while delivering healthy EBITDA margins,” Narasimhan said.