FMCG chief Colgate-Palmolive India Limited announced the quarter results ended in December 2024 on Tuesday. The company recorded a decline of 2.22 percent in its net profit in the last quarter, which decreased to Rs 322.78 crore. The company has explained the main reason for this in the urban market and the company’s good earnings in the same period last year.
The company earned a net profit of Rs 330.11 crore in the same quarter of last year. However, the company’s sales increased by 4.74 percent to Rs 1,452.21 crore during this quarter, which was Rs 1,386.41 crore in the same quarter of the previous year. Colgate-Palmolive India Limited (CPIL), a company making oral hygiene product, gave this information in its regulatory filing.
CPIL said in its report, “Gross margins and ebitda (ie income before interest, tax, depreciation and amortization) margins show improvement compared to the previous quarter, but are below the last year’s high base.”
Also read:
CPIL’s total expenditure increased by 8.2 percent to Rs 1,049.72 crore in the December quarter. The total income of CPIL, including the second income, increased by 4.86 percent to Rs 1,482.24 crore in the December quarter.
Talking about the result, the company’s managing director and CEO Prabha Narsinghan said, “There was a relatively weak demand in this quarter. We saw a weak demand in the urban market. Amidst these market conditions and steady competitions, we have managed to perform well in this quarter. ” He expressed confidence that CPIL will get positive results in his premium portfolio.
Narasimhan said, “While the atmosphere in the near future looks a bit challenging, we are committed to promoting development by focusing on such a strategy. And this is also benefiting us. ” Colgate-Palmolive India Limited shares closed at Rs 2,674.35 on BSE on Tuesday, showing a decline of 1.26 percent.