Colgate-Palmolive (India) has received an income tax demand of Rs 267.64 crore for FY22, primarily arising from transfer pricing adjustments and disallowance of certain expenses, the company said in a regulatory filing.
The assessment order was passed under Section 143(3) read with Section 144C(13) of the Income Tax Act, along with a notice of demand under Section 156, according to the disclosure submitted to stock exchanges.
The company said the communication was received from the assessment unit of the income tax department on 24 December 2025. Since 25 December was a public holiday, the intimation to the exchanges was filed on Thursday. The tax demand relates to the assessment year 2022-23, the filing said.
No impact on financials, company says
Colgate-Palmolive India said the assessment order will not have any impact on its financials, operations or other activities. “There is no impact on financials, operations or any other activities of the company due to the said order,” the filing said. The company said it will file an appeal before the Income Tax Appellate Tribunal (ITAT) against the order.
The filing added that no penalties, sanctions or non-compliances were cited by the tax authority in the assessment order.
The company reported revenue from operations of Rs 1,50,724 lakh and profit after tax of Rs 32,062 lakh.
Colgate-Palmolive India share price
Colgate-Palmolive India‘s share price ended flat on Friday, December 26. The stock is down 3.64% in the last 1 month. Furthermore, it is down over 22.69% in 2025 so far.