Shares of FMCG major Colgate-Palmolive India settled with nearly 6 per cent gains today after the company reported 8.43 per cent rise in standalone net profit for the April-June quarter.
After touching its 52-week high on BSE at Rs 1032.85, the stock finally ended at Rs 1,016.40, up 6.19 per cent.
At NSE, the scrip jumped 5.77 per cent to settle at Rs 1,015.25. Intraday, the stock hit its 52-week high of Rs 1,033.
Also Read
On the volume front, 3.07 lakh shares changed hands on BSE and over 22 lakh shares were traded on NSE.
The company today posted an 8.43 per cent rise in standalone net profit at Rs 125.72 crore for the first quarter ended on June 30, 2016. It had reported a net profit of Rs 115.94 crore for the April-June period of the last fiscal.
Its net sales were up 12.49 per cent to Rs 1,141.54 crore during the period under review as against Rs 1,014.72 crore of the corresponding quarter of the previous fiscal, Colgate-Palmolive India said in a BSE filing.
Its total expenses were also up 14.94 per cent to Rs 969.46 crore during the quarter as against Rs 843.42 crore in the previous fiscal.
