Colgate Q2 net dips 24% at Rs 109 cr

Company posted a net profit of Rs 145 crore for the same period of previous fiscal

FMCG major Colgate Palmolive India today posted a 24.51% decline in net profit at Rs 109.52 crore for the second quarter ended September 30, 2013.

The company had posted a net profit of Rs 145.08 crore for the same period of previous fiscal, Colgate Palmolive India said in a filing to the BSE.

Net sales of the company, however, rose to Rs 895.69 crore for the second quarter, as compared to Rs 773.77 crore during the same period of previous financial year.

"During the quarter, the company achieved a volume growth of 10% over the same quarter of previous year led by a strong growth of 9% in toothpaste category wherein the company further enhanced its leadership position," the company said.

The company's board, which met today, also approved an interim dividend of Rs 9 on per equity share of Re 1 for the financial year ending March 31, 2014.

"The said interim dividend will be paid on the paid-up equity share capital of Rs 13.60 crore involving a total payout of Rs 143.20 crore," the company said.

The dividend will be paid on November 20, 2013, it added.

Colgate-Palmolive is present in the segments of oral care, personal care, home care and professional oral care.

Shares of the company today closed at Rs 1,278.75 on the BSE, up 0.02% from their previous close.