Colgate-Palmolive India Q1 net moves up by 17.19 pc to Rs 198.18 cr
Mumbai/UNI: FMCG major, Colgate-Palmolive has reported a rise of 17.19 pc in its net profit of Rs 198.18 crore for the quarter ended June 30, 2020 as against net profit of Rs 169.11 crore for the quarter ended June 30, 2019.
However, total income for the quarter under review decline by 4.83 pc to Rs 1046.90 crores as compared to Rs 1100.03 crore during the period ended June 30, 2019.
Mr Ram Raghavan, Managing Director at Colgate-Palmolive (India) Ltd, said, "Despite a challenging start to the quarter, we are pleased with the results and pace of growth as the quarter progressed.
Our toothpaste business delivered positive sales growth for the quarter reflecting the strengthening brand attributes and portfolio performance.
'Our sharp focus aimed at fulfilling demand and ensuring uninterrupted access ensured agile and innovative approaches, specifically in our Supply Chain and Distribution efforts. Our disciplined approach to managing all revenue and cost drivers, despite all the uncertainties and challenges around us on account of the pandemic, drove improvements in key financial metrics with gross margins and EBITDA at 65.9% and 29.8% respectively.
As an organisation we continue to live our values and remain focussed on the health and well being of our consumers, customers, business partners and employees - that remains our key priority."
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