Colgate-Palmolive India 4th quarterly profit dips 10.8%

Colgate-Palmolive India on  Tuesday posted a 10.84 per cent decline in its standalone net profit at Rs 145.89 crore for the fourth quarter ended March 31, 2016. The company had reported a net profit of Rs 163.63 crore during the January-March quarter of the previous fiscal. Net sales of the company rose to Rs 1,091.11 crore during the quarter-under review, up 6.76 per cent, as compared to Rs 1,022 crore during the same period of the previous financial year, Colgate-Palmolive India said in a BSE filing.

"Despite challenging macro environment and low consumer demand, Colgate Palmolive India reported good growth across the business and maintained its leadership in the toothpaste and toothbrush category at 55.7 per cent and 46.2 per cent, respectively," Colgate Palmolive (India), MD Issam Bachaalani said.