iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Colgate-Palmolive reports growth in profit on the back of lower expenses

23 Jan 2024 , 10:21 AM

Colgate-Palmolive (India) announced a 35.7% increase in third-quarter profits on Monday, boosted by strong urban demand and lower expenditures.

Net profit increased to 3.30 billion rupees ($39.7 million) for the quarter ending December 31, up from 2.43 billion rupees a year earlier.

Despite rising costs for necessary products, urban consumers with greater average incomes have bolstered consumer goods manufacturers’ sales.

Total expenses declined 0.5%, aided by lower inventory and raw material prices. The Indian unit of the US consumer products giant reported an 8.2% gain in sales to 13.86 billion rupees, boosted by its core oral care segment.

According to CEO Prabha Narasimhan, the business also executed a campaign throughout the quarter that touched more than 300 million individuals in metropolitan India. Rival Hindustan Unilever reported a smaller-than-expected quarterly profit growth on Friday, as competition in the consumer products industry increased and demand in rural regions remained poor.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Colgate Palmolive
  • Colgate Palmolive news
  • Colgate-Palmolive Q3
  • Colgate-Palmolive Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

SBI Card Q4 Profit Slips 20%
25 Apr 2025|11:17 PM
HUL Q4 Net Profit Rises to ₹2,493 Crore
25 Apr 2025|10:59 PM
Sensex and Nifty in Red on April 25, 2025
25 Apr 2025|02:08 PM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.