Colgate Palmolive India Q2 net up 21% at Rs 157 crore

Net sales of the company also rose to Rs 1,032 crore for the quarter

Colgate-Palmolive posted a 21.1 per cent increase on net profit to Rs 157 crore for the quarter ended September on Thursday versus Rs 130 crore a year ago. Net sales growth was sluggish growing 3.8 per cent to Rs 1,032 crore in the quarter versus Rs 994 crore last year.

Net sales was sluggish growing 3.84 per cent to Rs 1031.8 crore in the quarter under review versus  Rs 993.57 crore last year.    

On outlook, the firm expects the demand trend to be similar to the first half of financial year 2016.

Total standalone income of the company fell by 2 per cent to Rs 1,116.82 crore in the September quarter from Rs 1,138.27 crore during the same quarter of 2014-15 on account of subdued industrial sentiment, it added.

Total expenses of the company, which is part of the USD 2.5-billion Kalyani Group, were lower at Rs 860.67 crore from Rs 879.89 crore during the quarter under review.