Total expenses during the quarter rose by 4% YoY to Rs 945 crore, due to higher raw material costs (up 6% YoY), higher employee expenses (up 16% YoY) and higher other expenses (up 8% YoY).
Ram Raghavan, managing director at Colgate-Palmolive (India), said, ?Despite the macro challenges, our growth remains strong, consistent and driving the right balance between volume & revenue growth.?
Colgate-Palmolive (India) provides oral care products under the Colgate brand. It also provides personal care products under the Palmolive brand name.
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