 "colgate")
Colgate-Palmolive (India) surged 6% to Rs 1,099 on BSE after the company reported a better-than-expected 8% growth in net profit at Rs 136 crore in June quarter (Q1FY18). Analysts on an average had expected profit of Rs 128 crore for the quarter.
The company engaged in personal care business had a profit of Rs 126 crore in the same quarter year ago.
Net sales for the quarter was reported at Rs 1,110, 3% lower from the previous years, largely due to destocking in the trade channel ahead of the implementation of Goods & Service Tax (GST). Volume declined
The company engaged in personal care business had a profit of Rs 126 crore in the same quarter year ago.
Net sales for the quarter was reported at Rs 1,110, 3% lower from the previous years, largely due to destocking in the trade channel ahead of the implementation of Goods & Service Tax (GST). Volume declined
