CPIL Reports 1.83 pc Decline in Q2 Net Profits
CPIL Reports 1.83 pc Decline in Q2 Net Profits

FMCG major, Colgate-Palmolive India Ltd (CPIL) reported a 1.83 percent decline in net profit at Rs 269.17 crore for the September quarter. According to BSE filing, It posted a net profit of Rs 274.19 crore in the July-September period a year ago.

Revenue from operations was up 5.19 percent to Rs 1,343.96 crore during the quarter under review as against Rs 1,277.66 crore in the year-ago period.

“Our overall growth momentum across our brands/categories has shown a consistent trajectory with good recovery on volume growth trends quarter-on-quarter. Overall penetration trends remain strong and are seeing favorable trends quarter-on-quarter,” Ram Raghavan, Managing Director at CPIL, said.

The company’s total expenses were higher at Rs 998.05 crore in the quarter as against Rs 924.12 crore a year ago.

On the other hand, the company said that its board at its meeting declared the first interim dividend of Rs 19 per equity share of Re 1 (face value) for 2021-22. Its stakes were trading at Rs 1,534 apiece on BSE, down 1.95 percent from the previous close.

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