FMCG major Colgate Palmolive (India) reported a 2.6 per cent rise in its quarterly net profit for the period ended on December 31, 2018, to Rs 192.1 crores. The company has previously reported a net profit of Rs 171 crores in the same quarter last fiscal.
According to the company’s statement, the total revenue for the quarter under discussion went up by 6.4 per cent to Rs 1,099 crores against Rs 1,033 crores in the Q3 FY18. The firm’s total expenses also went up by 4.49 per cent (YoY) to Rs 825.49 crores, as compared with Rs 789.99 crores.
Operating profit or EBITDA stood at Rs 314.1 crores posting an 11 per cent rise as against Rs 283 crores, while the margin was at 28.6 per cent versus 27.4 per cent. Toothpaste volume growth was at 7 per cent for the quarter ended December 2018.
CPIL Managing Director Issam Bachaalani said: “Our strong and focused efforts in the market resulted in a consistent topline growth driven by a healthy volume increase of 7 per cent that led to a steady EBITDA (earnings before interest, tax, depreciation and amortisation) and NPAT (net profit after tax) growth.”