Colgate-Palmolive India's net profit up 8% in Q1

Fast moving consumer goods (FMCG) major Colgate-Palmolive India on Monday reported a rise of eight per cent in its net profit for the first quarter (Q1) of the current fiscal.

The company's net profit increased to Rs 125.72 crore during the quarter under review compared to Rs 115.94 crore during the corresponding period in last fiscal.

"At Colgate, we are always striving to customise our innovations to meet the consumer's need," Issam Bachaalani, Managing Director, Colgate Palmolive India was quoted in a statement as saying.

"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, advanced technology and progressive products," Bachaalani added.

According to FMCG major, its total income from operations (net) for the quarter stood at Rs 1,149.09 crore, up 12 per cent from Rs 1,021.96 crore reported during the same period of 2015-16.

The company pointed out that it has maintained leadership position in the toothpaste and toothbrush categories.

"The company has maintained its toothpaste leadership position at 55.9 per cent volume market share in June 2016 which is an improvement of 60 bps vs. 55.3 per cent in March 2016," the statement said.

"In the toothbrush category Colgate has grown its volume market share to 46.8 per cent in June 2016, an improvement of 100 bps vs 45.8 per cent in March 2016."

--IANS

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