Colgate-Palmolive Q4 net profit up by 23%

Consumer products major Colgate-Palmolive (India) Ltd on Tuesday said its profits during the fourth quarter of 2015 rose by 23.6% at Rs 163.63 crore against Rs 132.3 crore in the corresponding timeframe last fiscal.

Its total net income during the period under review rose nearly by 11% at Rs 1,028.5 crore against earnings of Rs 927.3 crore in the January-March 2014 timeframe.

"The company posted a robust volume growth of 5% both for the quarter and the full year in toothpaste and continued to enhance its leadership position in toothpaste category by registering a volume market share of 57.8% for the period January-April 2015," the company said in a regulatory filing with the BSE.

It also said it maintained the leadership position in the toothbrush segment by registering a volume market share of 42.1% during Q4.

During 2014-15, the company's net profits rose by 3.5% at Rs 559 crore against Rs 540 crore during 2013-14.

Total revenues during 2014-15 stood at Rs 3,982 crore - an increase of 11.3% compared to the total net earnings of Rs 3,579 crore during 2013-14.