Colgate Q2 net dips 24.51% to Rs 109.52 cr

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SummaryColgate-Palmolive (India), makers of Colgate dental creams, on Friday reported a 24.51% drop in net profit at R109.52 crore

Colgate-Palmolive (India), makers of Colgate dental creams, on Friday reported a 24.51% drop in net profit at R109.52 crore for the second quarter ended September, compared with R145.08 crore for the same period of previous fiscal.

The company’s net sales rose to R895.69 crore for the September quarter, against R773.77 crore during the corresponding quarter previous fiscal.

In the toothpaste category in India, Colgate-Palmolive has further enhanced its leadership position by registering a 56.0% volume market share for Jan-Sep 2013 period, compared with 54.6% in Jan-Sep 2012 period.

According to a spokesperson from Colgate-Palmolive, despite the inflationary environment and pressure on the rupee, the company’s focus on driving efficiencies and reducing costs coupled with price increases has resulted in higher gross margin and help to fund investments in building and strengthening brand equity and business.

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