Colgate-Palmolive India quarterly profit rises 24%

FMCG major Colgate-Palmolive India on Tuesday reported 23.68 per cent rise in its net profit to Rs 163.63 crore for the quarter ended March 31 on account of robust sales. The company had posted a net profit of Rs 132.30 crore for the corresponding period of the previous fiscal, Colgate -Palmolive India said in a filing to the BSE.

The company’s total income from operations rose to Rs 1,028.51 crore for the quarter under consideration as against Rs 927.28 crore for the same period year ago. For the fiscal ended March 2015, the company’s net profit rose to Rs 558.98 crore from Rs 539.87 crore in the <g data-gr-id="15">year ago</g> period. 

The company’s total income from operations also rose to Rs 3,981.94 crore for the fiscal ended March this year as against Rs 3,578.81 crore in the previous fiscal.

Meanwhile, in a separate filing, Colgate-Palmolive India said its Board of Directors has appointed Shyamala Gopinath as an additional director (non-executive and independent) of the company with immediate effect.