Colgate-Palmolive Q3 profit up 22% at Rs 159 cr

Company's total income from operations during the period under review was up 1.89% at Rs 1,014.85 crore

FMCG major Colgate-Palmolive India today posted 21.81% increase in net profit at Rs 159.41 crore for the third quarter ended December 31, 2015-16.

The company had reported net profit of Rs 130.86 crore for the October-December period of the last fiscal.

Its total income from operations during the period under review was up 1.89% at Rs 1,014.85 crore, as against Rs 996.01 crore of the year-ago period, Colgate-Palmolive India said in a filing to the BSE.

"The organic growth of the company stands 7%, offset by phasing out fiscal benefits in the state of Himachal Pradesh, to give a reported growth of 2% over the same period of the previous year," it said.
 

The unseasonal rains in South India and floods in Chennai city as well as de-stocking in certain accounts affected shipments for the quarter, it further added.

Colgate-Palmolive has a presence in oral and professional oral care, personal and home care segments.

The company stock closed at Rs 854.95, down 1.43%, on the BSE.