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    Colgate-Palmolive Q3 Net Profit up 16 Per cent

    By Super

    Mumbai, Jan 23 (IANS) Consumer product major Colgate Palmolive (India) Ltd (CPIL) Friday said its net sales for the third quarter stood at Rs.988.6 crore and the net profit after tax at Rs.130.9 crore, an increase of 16 percent over the same quarter of the previous year.

    Colgate-Palmolive Q3 Net Profit up 16 Per cent
    ColgatePalmolive India: Quotes, News
    BSE 1288.10BSE Quote4.15 (0.32%)
    NSE 1289.75NSE Quote3.85 (0.30%)

    The net sales for the last three quarters of the current fiscal year rose by 12 percent year-on-year and net profit was up by 12 percent for the same timeperiod.

    The figure for net sales stood at Rs.2,932.8 crore ending Dec 31 while the net profit after tax soared to Rs.395.3 crore resulting in earning per share of Rs.29.07 for the same timeframe.

    It posted a volume growth of 5 percent for the quarter on toothpaste registering a volume market share of 56.796 percent for the last calendar year. Also, toothbrushes registered a volume market share of 42.4 percent for the same calendar.

    -- Indo-Asian News Service

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