MCG major Colgate-Palmolive India today posted 21.81 per cent increase in net profit at Rs 159.41 crore for the third quarter ended December 31, 2015-16.
The company had reported net profit of Rs 130.86 crore for the October-December period of the last fiscal.
Its total income from operations during the period under review was up 1.89 per cent at Rs 1,014.85 crore, as against Rs 996.01 crore of the year-ago period, Colgate-Palmolive India said in a filing to the BSE.
“The organic growth of the company stands 7 per cent, offset by phasing out fiscal benefits in the state of Himachal Pradesh, to give a reported growth of 2 per cent over the same period of the previous year,” it said.
The unseasonal rains in South India and floods in Chennai city as well as de-stocking in certain accounts affected shipments for the quarter, it further added.
Colgate-Palmolive has a presence in oral and professional oral care, personal and home care segments.
The company stock closed at Rs 854.95, down 1.43 per cent, on the BSE.