FMCG major Colgate-Palmolive India Ltd (CPIL) on Thursday reported a 24.31 per cent increase in net profit at Rs 244.11 crore for the second quarter ended September 2019.
The company had posted a net profit of Rs 196.37 crore in the July-September quarter a year ago, CPIL said in a BSE filing.
Net sales during the quarter under review stood at Rs 1,213.21 crore, up 4.53 per cent from Rs 1,160.63 crore reported in the corresponding quarter a year ago.
Commenting on the results, CPIL Managing Director Ram Raghavan said:"Despite category headwinds in the current quarter, especially in rural and liquidity challenges in the market, we have reported a domestic net sales growth of 5 per cent that in in line with our expectations."
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