Colgate-Palmolive Q1 net profit jumps 8% to Rs 126 crore

Shares of the company were trading 6.51% up at Rs 1,019.45 on BSE

FMCG major Colgate-Palmolive India on Monday posted an 8.43% rise in standalone net profit at Rs 125.72 crore for the first quarter ended June 30, 2016.

The company had reported a net profit of Rs 115.94 crore for the April-June period of the last financial year.

Its net sales were up 12.49% to Rs 1,141.54 crore during the period under review as against Rs 1,014.72 crore of the corresponding quarter of the previous financial year, Colgate-Palmolive India said in a BSE filing.

Its total expenses were also up 14.94% to Rs 969.46 crore during the quarter as against Rs 843.42 crore in the previous financial year.

Issam Bachaalani, Managing Director, Colgate-Palmolive India said: "The stream of innovations launched by the company during this quarter echo our sustained promise to growing the oral care category by building new segments based on consumer insights, our years of experience, advance technology and progressive products."

Shares of Colgate-Palmolive India were trading 6.51% up at Rs 1,019.45 on BSE.